CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Rating of “Hold” from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $73.8143.

A number of research firms have commented on CSGS. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered CSG Systems International from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $72.00 to $80.70 in a research report on Wednesday, October 29th.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after buying an additional 129 shares during the period. GAMMA Investing LLC boosted its position in CSG Systems International by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after acquiring an additional 220 shares during the last quarter. TD Private Client Wealth LLC boosted its position in CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after acquiring an additional 373 shares during the last quarter. Jump Financial LLC bought a new position in shares of CSG Systems International during the 2nd quarter worth approximately $240,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of CSG Systems International by 16.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock worth $487,000 after acquiring an additional 1,071 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

CSG Systems International stock opened at $78.30 on Friday. The company has a market cap of $2.25 billion, a PE ratio of 27.09, a PEG ratio of 2.05 and a beta of 0.92. 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 1 year low of $49.23 and a 1 year high of $79.20. The company’s 50-day moving average is $67.30 and its two-hundred day moving average is $64.63.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company had revenue of $303.62 million during the quarter, compared to analysts’ expectations of $278.76 million. Equities analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 19th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. CSG Systems International’s payout ratio is currently 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.