Jefferies Financial Group Initiates Coverage on CSG Systems International (NASDAQ:CSGS)

Jefferies Financial Group assumed coverage on shares of CSG Systems International (NASDAQ:CSGS - Free Report) in a research report released on Friday, Marketbeat reports. The firm issued a buy rating and a $75.00 price target on the technology company's stock.

Several other analysts have also commented on CSGS. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Northland Securities restated an "outperform" rating and issued a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Cantor Fitzgerald raised their target price on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research note 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 report on Thursday, February 6th. Finally, Benchmark reiterated a "buy" rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.71.

Remove Ads

CSG Systems International Stock Up 0.9 %

Shares of CSGS stock traded up $0.59 during mid-day trading on Friday, hitting $66.73. 450,833 shares of the stock traded hands, compared to its average volume of 300,379. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $67.60. The stock's fifty day moving average is $56.01 and its two-hundred day moving average is $51.99. 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 $1.92 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.68 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly 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 analysts predict that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, March 19th. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 1.92%. CSG Systems International's dividend payout ratio (DPR) is currently 42.11%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Independence Bank of Kentucky acquired a new stake in shares of CSG Systems International during the fourth quarter worth about $80,000. TD Private Client Wealth LLC boosted its stake in shares of 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 buying an additional 586 shares during the period. Quantbot Technologies LP purchased a new position in shares of CSG Systems International during the third quarter worth about $294,000. Handelsbanken Fonder AB increased its position in CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock valued at $410,000 after acquiring an additional 1,100 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its position in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company's stock worth $513,000 after acquiring an additional 3,001 shares during the period. Institutional investors and hedge funds 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.