Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $71.71

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received an average rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $71.71.

CSGS has been the topic of a number of research analyst reports. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Jefferies Financial Group began coverage on shares of CSG Systems International in a research report on Friday, February 21st. They set a "buy" rating and a $75.00 target price for the company. Northland Securities reaffirmed an "outperform" rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Finally, Royal Bank of Canada increased their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th.

CSG Systems International Trading Up 0.0 %

CSGS traded up $0.02 during midday trading on Monday, hitting $64.32. The company's stock had a trading volume of 428,582 shares, compared to its average volume of 240,754. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $67.60. The firm has a 50-day moving average price of $57.08 and a two-hundred day moving average price of $52.51. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The firm has a market cap of $1.85 billion, a P/E ratio of 21.16, a PEG ratio of 1.68 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, research analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.99%. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's payout ratio is currently 42.11%.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the transaction, the director now owns 41,561 shares of the company's stock, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.05% of the company's stock.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors have recently made changes to their positions in the business. Boston Trust Walden Corp raised its holdings in CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after acquiring an additional 88,216 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock valued at $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of CSG Systems International by 0.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after purchasing an additional 1,420 shares during the last quarter. New York State Common Retirement Fund grew its stake in CSG Systems International by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company's stock worth $8,683,000 after purchasing an additional 5,034 shares in the last quarter. Finally, Dean Investment Associates LLC increased its holdings in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after buying an additional 64,066 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

About CSG Systems International

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.