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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $71.71.

Several equities analysts recently issued reports on the company. Cantor Fitzgerald lifted their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a "buy" rating and a $75.00 price objective on the stock. Northland Securities restated an "outperform" rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th.

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CSG Systems International Price Performance

Shares of NASDAQ CSGS traded up $0.19 during trading on Friday, hitting $60.66. 258,334 shares of the company were exchanged, compared to its average volume of 262,754. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $67.60. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.68 and a beta of 0.85. The firm's fifty day moving average price is $61.49 and its 200 day moving average price is $54.73.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping 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, sell-side analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.11%. CSG Systems International's payout ratio is 42.11%.

Insider Activity at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of the company's stock in a transaction on 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 directly owns 41,561 shares in the company, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.05% of the company's stock.

Institutional Trading of CSG Systems International

A number of hedge funds have recently added to or reduced their stakes in the business. Amundi lifted its holdings in shares of CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB increased its position in CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock worth $2,423,000 after purchasing an additional 302 shares during the last quarter. TD Private Client Wealth LLC raised its stake in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after purchasing an additional 586 shares during the period. Willis Investment Counsel boosted its holdings in shares of CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after purchasing an additional 668 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of CSG Systems International by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company's stock valued at $910,000 after buying an additional 1,066 shares during the period. 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.