Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $72.94

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $72.94.

A number of equities research analysts have recently issued reports on CSGS shares. Benchmark downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a report on Wednesday, October 29th. William Blair lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada cut CSG Systems International from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSGS. Bank of New York Mellon Corp increased its stake in CSG Systems International by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after buying an additional 7,908 shares during the period. Willis Investment Counsel grew its stake in shares of CSG Systems International by 91.2% in the second quarter. Willis Investment Counsel now owns 35,341 shares of the technology company’s stock worth $2,308,000 after acquiring an additional 16,862 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of CSG Systems International by 24.8% during the second quarter. Hillsdale Investment Management Inc. now owns 106,700 shares of the technology company’s stock worth $6,969,000 after acquiring an additional 21,200 shares during the period. Rhumbline Advisers raised its stake in shares of CSG Systems International by 2.3% in the second quarter. Rhumbline Advisers now owns 81,812 shares of the technology company’s stock valued at $5,343,000 after acquiring an additional 1,836 shares in the last quarter. Finally, Leuthold Group LLC raised its stake in shares of CSG Systems International by 2.4% in the second quarter. Leuthold Group LLC now owns 43,593 shares of the technology company’s stock valued at $2,847,000 after acquiring an additional 1,014 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $79.69 on Monday. CSG Systems International has a 52 week low of $54.65 and a 52 week high of $80.67. The stock’s fifty day moving average is $78.63 and its two-hundred day moving average is $72.34. The company has a market capitalization of $2.27 billion, a P/E ratio of 40.05, a P/E/G ratio of 1.88 and a beta of 0.88. The company has a quick ratio of 1.50, a current ratio of 1.44 and a debt-to-equity ratio of 1.90.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. The firm had revenue of $323.09 million during the quarter, compared to the consensus estimate of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. Equities analysts expect that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.36 annualized dividend and a yield of 1.7%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s dividend payout ratio is presently 64.32%.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.