CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Rating of "Moderate Buy" from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $70.71.

CSGS has been the subject of several research analyst reports. Cantor Fitzgerald upped their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Stifel Nicolaus increased their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their price target on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada lifted their price objective on CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th.

Insider Buying and Selling

In other news, Director Ronald Cooper sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the sale, the director now owns 41,561 shares of the company's stock, valued at approximately $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Boston Trust Walden Corp lifted its position 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 worth $54,457,000 after purchasing an additional 88,216 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock valued at $19,901,000 after acquiring an additional 1,420 shares in the last quarter. New York State Common Retirement Fund lifted its stake in CSG Systems International by 3.1% during 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 during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after purchasing an additional 16,519 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Trading Up 0.7 %

CSGS traded up $0.41 during trading on Tuesday, hitting $59.10. The company's stock had a trading volume of 159,534 shares, compared to its average volume of 272,625. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $67.60. The firm's 50 day moving average price is $60.98 and its 200-day moving average price is $56.23. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The stock has a market cap of $1.70 billion, a PE ratio of 19.44, a PEG ratio of 1.68 and a beta of 0.91.

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, topping 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%. On average, analysts expect that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a $0.32 dividend. The ex-dividend date was Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. CSG Systems International's dividend payout ratio is 42.11%.

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.