Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $62.50

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.50.

A number of research analysts have issued reports on the stock. Cantor Fitzgerald reduced their target price on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada began coverage on CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System raised its stake in shares of CSG Systems International by 3.8% in the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,524 shares during the period. Bahl & Gaynor Inc. raised its position in CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after purchasing an additional 36,488 shares during the period. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares in the last quarter. LSV Asset Management boosted its position in shares of CSG Systems International by 10.6% in the fourth 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. Finally, BNP Paribas Financial Markets grew its stake in shares of CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $41.57 on Monday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.98. The company’s 50-day moving average is $49.56 and its two-hundred day moving average is $50.82. CSG Systems International has a 12-month low of $41.48 and a 12-month high of $69.35.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. Research analysts expect that CSG Systems International will post 3.29 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is presently 54.79%.

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.