Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $65.60

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $71.17.

A number of research firms recently weighed in on CSGS. Wells Fargo & Company increased their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday. Northland Securities reissued an "outperform" rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research note on Thursday. Cantor Fitzgerald boosted their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday. StockNews.com lowered CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research note on Thursday.

CSG Systems International Trading Down 1.4 %

CSGS traded down $0.90 on Thursday, hitting $63.49. The company had a trading volume of 356,669 shares, compared to its average volume of 287,122. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $65.53. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The business's fifty day simple moving average is $53.94 and its 200 day simple moving average is $50.55. The company has a market cap of $1.85 billion, a PE ratio of 20.88, a PEG ratio of 1.77 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 for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. Equities research analysts expect that CSG Systems International will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.02%. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International's dividend payout ratio is presently 39.47%.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently modified their holdings of the business. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 9.0% during 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 purchasing an additional 88,216 shares in the last quarter. SG Americas Securities LLC purchased a new stake in CSG Systems International during the third quarter worth $840,000. Geode Capital Management LLC boosted its position in CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock valued at $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Dean Investment Associates LLC increased its holdings in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after acquiring an additional 64,066 shares during the period. Finally, Martingale Asset Management L P purchased a new position in shares of CSG Systems International in the 3rd quarter valued at $866,000. Institutional investors own 91.07% of the company's stock.

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.