Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) Target Price at $63.00

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $63.00.

A number of equities research analysts have commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $63.00 price objective on shares of CSG Systems International in a research report on Thursday, February 8th. Wells Fargo & Company reduced their price target on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. Finally, Royal Bank of Canada began coverage on CSG Systems International in a report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price target for the company.

CSG Systems International Trading Up 0.5 %

Shares of CSGS opened at $48.00 on Thursday. CSG Systems International has a 1-year low of $45.27 and a 1-year high of $69.35. The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The business’s 50-day moving average price is $51.71 and its 200 day moving average price is $51.39.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. The firm had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. Analysts expect that CSG Systems International will post 3.26 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, March 14th. CSG Systems International’s payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. lifted its holdings in CSG Systems International by 10.3% in the 4th quarter. Baird Financial Group Inc. now owns 6,313 shares of the technology company’s stock worth $336,000 after purchasing an additional 591 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in CSG Systems International in the 4th quarter worth approximately $487,000. Campbell & CO Investment Adviser LLC bought a new position in CSG Systems International in the 4th quarter worth approximately $218,000. BNP Paribas Financial Markets increased its position in CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after buying an additional 14,682 shares during the period. Finally, LSV Asset Management increased its position in CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after buying an additional 134,531 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.