CSG Systems International (NASDAQ:CSGS) Price Target Raised to $69.00 at Royal Bank of Canada

CSG Systems International (NASDAQ:CSGS - Free Report) had its price objective upped by Royal Bank of Canada from $58.00 to $69.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the technology company's stock.

Several other analysts also recently commented on the company. Cantor Fitzgerald increased their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday. Stifel Nicolaus raised their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday. Benchmark reaffirmed a "buy" rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Northland Securities reiterated an "outperform" rating and issued a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday. Finally, StockNews.com cut shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Stock Down 1.4 %

Shares of NASDAQ CSGS traded down $0.90 during midday trading on Thursday, hitting $63.49. 356,669 shares of the stock traded hands, compared to its average volume of 287,122. CSG Systems International has a one year low of $39.56 and a one year high of $65.53. The business has a 50 day moving average price of $53.94 and a two-hundred day moving average price of $50.55. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market cap of $1.85 billion, a PE ratio of 20.88, a P/E/G ratio of 1.77 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data 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 net margin of 7.25% and a return on equity of 39.42%. On average, equities analysts predict that CSG Systems International will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.32 dividend. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.02%. CSG Systems International's payout ratio is currently 39.47%.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently modified their holdings of the stock. Amundi lifted its stake in CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock valued at $2,423,000 after buying an additional 302 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after acquiring an additional 586 shares during the period. Willis Investment Counsel increased its holdings in CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock worth $832,000 after acquiring an additional 668 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake 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. Hedge funds and other institutional investors own 91.07% of the company's stock.

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.