CSG Systems International, Inc. (NASDAQ:CSGS) Receives $71.29 Average PT from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $71.2857.

CSGS has been the topic of a number of analyst reports. Wall Street Zen lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus lifted their price objective on CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Wolfe Research assumed coverage on CSG Systems International in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the company. LSV Asset Management increased its holdings in CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after buying an additional 82,344 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of CSG Systems International by 18.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock worth $82,075,000 after acquiring an additional 216,128 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CSG Systems International by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after acquiring an additional 7,908 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of CSG Systems International by 28.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after acquiring an additional 84,240 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in CSG Systems International during the second quarter worth $10,859,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Trading Up 1.3%

NASDAQ CSGS opened at $65.58 on Tuesday. The stock has a market cap of $1.89 billion, a P/E ratio of 22.69, a PEG ratio of 1.69 and a beta of 0.92. The company’s fifty day simple moving average is $64.31 and its 200-day simple moving average is $63.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International has a 52 week low of $46.17 and a 52 week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.12. The firm had revenue of $271.26 million for the quarter, compared to the consensus estimate of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. Equities research analysts predict that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. CSG Systems International’s payout ratio is presently 44.29%.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.