CSG Systems International, Inc. (NASDAQ:CSGS) Given Average Rating of “Moderate Buy” by Analysts
CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.83.
A number of equities analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of CSG Systems International in a research note on Friday, December 1st. They issued a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company began coverage on shares of CSG Systems International in a research note on Thursday, November 9th. They set an “equal weight” rating and a $49.00 target price for the company. StockNews.com raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Cantor Fitzgerald decreased their target price on shares of CSG Systems International from $68.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd.
Read Our Latest Report on CSG Systems International
CSG Systems International Stock Down 0.5 %
Shares of NASDAQ:CSGS opened at $52.63 on Friday. CSG Systems International has a 52-week low of $46.19 and a 52-week high of $69.35. The firm has a fifty day moving average of $50.68 and a 200 day moving average of $51.71. The firm has a market capitalization of $1.56 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.60 and a beta of 0.86. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.65 and a current ratio of 1.65.
CSG Systems International (NASDAQ:CSGS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. CSG Systems International had a net margin of 6.35% and a return on equity of 25.90%. The business had revenue of $266.55 million during the quarter, compared to analyst estimates of $283.84 million. As a group, research analysts anticipate that CSG Systems International will post 2.9 EPS for the current fiscal year.
CSG Systems International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, December 13th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.12 annualized dividend and a yield of 2.13%. CSG Systems International’s dividend payout ratio is currently 46.47%.
Institutional Trading of CSG Systems International
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of CSG Systems International by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company’s stock worth $33,262,000 after buying an additional 22,220 shares during the period. MetLife Investment Management LLC lifted its position in shares of CSG Systems International by 52.3% during the first quarter. MetLife Investment Management LLC now owns 16,943 shares of the technology company’s stock worth $1,077,000 after purchasing an additional 5,817 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of CSG Systems International by 3.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company’s stock worth $72,945,000 after purchasing an additional 42,139 shares during the last quarter. Willis Investment Counsel boosted its stake in shares of CSG Systems International by 47.7% during the first quarter. Willis Investment Counsel now owns 33,575 shares of the technology company’s stock valued at $2,134,000 after purchasing an additional 10,839 shares during the period. Finally, Credit Suisse AG grew its holdings in shares of CSG Systems International by 6.1% in the second quarter. Credit Suisse AG now owns 32,800 shares of the technology company’s stock worth $1,957,000 after purchasing an additional 1,896 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.
About CSG Systems International (Get Free Report
CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, etc.
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