CSG Systems International's (CSGS) "Buy" Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of CSG Systems International (NASDAQ:CSGS - Free Report) in a report released on Tuesday, Benzinga reports. The firm currently has a $75.00 price target on the technology company's stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada decreased their target price on shares of CSG Systems International from $61.00 to $52.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald lifted their price target on CSG Systems International from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $58.80.

CSG Systems International Price Performance

Shares of NASDAQ CSGS traded up $1.26 during mid-day trading on Tuesday, reaching $48.92. 282,998 shares of the company were exchanged, compared to its average volume of 265,614. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $55.64. The company's 50 day moving average price is $47.68 and its 200 day moving average price is $45.03. The stock has a market capitalization of $1.44 billion, a PE ratio of 21.70, a PEG ratio of 1.36 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to analysts' expectations of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Sell-side analysts forecast that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Friday, September 13th. CSG Systems International's payout ratio is currently 54.05%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds have recently made changes to their positions in the company. Boston Trust Walden Corp boosted its holdings in shares of CSG Systems International by 18.9% during the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock valued at $40,498,000 after acquiring an additional 156,222 shares during the last quarter. LSV Asset Management grew its holdings in shares of CSG Systems International by 2.1% in the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company's stock worth $74,135,000 after acquiring an additional 29,723 shares during the period. Lazard Asset Management LLC increased its position in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company's stock valued at $2,748,000 after acquiring an additional 28,666 shares during the last quarter. SG Americas Securities LLC bought a new position in CSG Systems International in the third quarter valued at about $840,000. Finally, Quantbot Technologies LP boosted its position in CSG Systems International by 31.8% in the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company's stock worth $981,000 after purchasing an additional 4,590 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.

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.