CSG Systems International (NASDAQ:CSGS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CSG Systems International (NASDAQ:CSGS - Free Report) had its price objective raised by Stifel Nicolaus from $60.00 to $66.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company's stock.

CSGS has been the subject of several other reports. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Northland Securities reaffirmed an "outperform" rating and issued a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday. Cantor Fitzgerald increased their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Benchmark restated a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.17.

CSG Systems International Stock Performance

Shares of CSGS traded down $0.90 during mid-day trading on Thursday, reaching $63.49. The company's stock had a trading volume of 356,669 shares, compared to its average volume of 287,122. The stock has a market cap of $1.85 billion, a P/E ratio of 20.88, a PEG ratio of 1.77 and a beta of 0.89. The business has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $50.55. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $65.53. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, equities research analysts anticipate that CSG Systems International will post 3.68 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.02%. CSG Systems International's dividend payout ratio is 39.47%.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of CSG Systems International during the fourth quarter valued at about $80,000. TD Private Client Wealth LLC boosted its position in 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 buying an additional 586 shares during the period. Quantbot Technologies LP acquired a new stake in CSG Systems International during the 3rd quarter worth approximately $294,000. Handelsbanken Fonder AB raised its stake in shares of CSG Systems International by 15.9% during the fourth 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 last quarter. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company's stock worth $513,000 after purchasing an additional 3,001 shares during the period. 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.