According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “
Several other analysts have also recently commented on CSGS. ValuEngine cut shares of CSG Systems International from a hold rating to a sell rating in a research note on Tuesday, December 10th. BidaskClub upgraded shares of CSG Systems International from a strong sell rating to a sell rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. CSG Systems International has a consensus rating of Hold and an average price target of $61.00.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $236.90 million for the quarter, compared to analysts’ expectations of $230.50 million. CSG Systems International had a net margin of 8.30% and a return on equity of 25.84%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. On average, analysts anticipate that CSG Systems International will post 2.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Friday, March 6th will be paid a $0.235 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.94 annualized dividend and a yield of 1.82%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.22. CSG Systems International’s payout ratio is presently 29.28%.
A number of hedge funds have recently made changes to their positions in CSGS. Municipal Employees Retirement System of Michigan raised its position in shares of CSG Systems International by 2.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 10,100 shares of the technology company’s stock valued at $523,000 after buying an additional 200 shares in the last quarter. California State Teachers Retirement System raised its position in shares of CSG Systems International by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 51,262 shares of the technology company’s stock valued at $2,649,000 after buying an additional 613 shares in the last quarter. Great Diamond Partners LLC purchased a new stake in shares of CSG Systems International during the 4th quarter valued at about $57,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of CSG Systems International during the 4th quarter valued at about $72,000. Finally, New York State Teachers Retirement System raised its position in shares of CSG Systems International by 1.8% during the 4th quarter. New York State Teachers Retirement System now owns 85,059 shares of the technology company’s stock valued at $4,404,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.
About CSG Systems International
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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