CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $58.80.

A number of analysts recently weighed in on the company. StockNews.com upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, September 10th. 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. Benchmark reaffirmed a "buy" rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their price target on CSG Systems International from $61.00 to $52.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th.

CSG Systems International Price Performance

NASDAQ:CSGS traded down $0.28 during mid-day trading on Thursday, reaching $47.27. The stock had a trading volume of 128,336 shares, compared to its average volume of 275,285. The firm has a 50 day moving average price of $46.84 and a two-hundred day moving average price of $45.35. The stock has a market capitalization of $1.40 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.37 and a beta of 0.82. CSG Systems International has a one year low of $39.56 and a one year high of $55.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59.

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

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. CSG Systems International's dividend payout ratio (DPR) is presently 54.79%.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently made changes to their positions in the business. LSV Asset Management increased its stake in shares of 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 buying an additional 29,723 shares during the period. Boston Trust Walden Corp increased its stake in shares of CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock valued at $40,498,000 after buying an additional 156,222 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $30,665,000 after buying an additional 173,944 shares during the period. Lazard Asset Management LLC grew its stake in CSG Systems International by 116.2% in the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company's stock worth $2,748,000 after purchasing an additional 28,666 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in CSG Systems International by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company's stock worth $2,399,000 after purchasing an additional 1,644 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.