CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Recommendation of "Moderate Buy" from Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $61.60.

A number of brokerages recently issued reports on CSGS. Cantor Fitzgerald increased their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Benchmark reiterated a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th.

CSG Systems International Stock Performance

Shares of CSGS stock traded up $0.31 during trading hours on Friday, reaching $55.51. The stock had a trading volume of 181,196 shares, compared to its average volume of 265,918. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The firm has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $45.70. The firm has a market capitalization of $1.61 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $295.14 million for the quarter, compared to analysts' expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. As a group, equities analysts forecast that CSG Systems International will post 3.48 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. CSG Systems International's dividend payout ratio (DPR) is 52.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its holdings in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after buying an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock worth $176,000 after buying an additional 610 shares during the period. SG Americas Securities LLC boosted its holdings in shares of CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock worth $187,000 after buying an additional 1,698 shares during the period. EMC Capital Management boosted its holdings in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company's stock worth $248,000 after buying an additional 1,056 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of CSG Systems International in the second quarter worth approximately $243,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.