Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $58.80

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $58.80.

A number of equities research analysts have commented on the company. Wells Fargo & Company lowered their target price on CSG Systems International from $48.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 4th. Royal Bank of Canada dropped their price objective on CSG Systems International from $61.00 to $52.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Benchmark reissued a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald raised their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th.

CSG Systems International Price Performance

Shares of CSGS stock traded down $0.22 during mid-day trading on Friday, reaching $46.67. The stock had a trading volume of 248,417 shares, compared to its average volume of 280,052. The company has a market cap of $1.39 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $55.64. The business has a 50-day simple moving average of $45.00 and a 200 day simple moving average of $46.06.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. During the same period last year, the firm posted $0.61 EPS. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, September 13th. CSG Systems International's payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in CSG Systems International by 30.5% during the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company's stock worth $30,665,000 after purchasing an additional 173,944 shares during the period. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock worth $40,498,000 after buying an additional 156,222 shares during the period. Delphi Management Inc. MA acquired a new position in CSG Systems International in the first quarter valued at $1,599,000. LSV Asset Management grew its position in CSG Systems International by 2.1% during the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company's stock valued at $74,135,000 after acquiring an additional 29,723 shares during the period. Finally, Lazard Asset Management LLC increased its stake 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 worth $2,748,000 after acquiring an additional 28,666 shares during the last quarter. 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.