Zacks: CSG Systems International, Inc. (CSGS) Given Consensus Recommendation of “Buy” by Brokerages
CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 12-month consensus price target of $47.00 for the company and are anticipating that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 121 out of 265 based on the ratings given to its competitors.
Several research firms recently weighed in on CSGS. BidaskClub raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Zacks Investment Research downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a report on Friday, November 3rd.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. lifted its holdings in CSG Systems International by 34.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 143,394 shares of the technology company’s stock valued at $6,284,000 after acquiring an additional 36,639 shares during the last quarter. Martingale Asset Management L P lifted its holdings in CSG Systems International by 71.1% in the 4th quarter. Martingale Asset Management L P now owns 104,232 shares of the technology company’s stock valued at $4,568,000 after acquiring an additional 43,314 shares during the last quarter. Schroder Investment Management Group lifted its holdings in CSG Systems International by 33.1% in the 4th quarter. Schroder Investment Management Group now owns 685,925 shares of the technology company’s stock valued at $30,057,000 after acquiring an additional 170,577 shares during the last quarter. Rhumbline Advisers lifted its holdings in CSG Systems International by 13.3% in the 4th quarter. Rhumbline Advisers now owns 80,785 shares of the technology company’s stock valued at $3,540,000 after acquiring an additional 9,486 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in CSG Systems International by 222.7% in the 4th quarter. Arizona State Retirement System now owns 56,343 shares of the technology company’s stock valued at $2,469,000 after acquiring an additional 38,885 shares during the last quarter. 92.00% of the stock is owned by institutional investors.
CSG Systems International (NASDAQ:CSGS) opened at $44.68 on Tuesday. The company has a market cap of $1,495.15, a PE ratio of 24.02 and a beta of 1.00. CSG Systems International has a 12-month low of $35.48 and a 12-month high of $48.31. The company has a current ratio of 2.49, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). The company had revenue of $205.20 million during the quarter, compared to analyst estimates of $199.21 million. CSG Systems International had a return on equity of 21.47% and a net margin of 7.77%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS. research analysts expect that CSG Systems International will post 2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.84 annualized dividend and a yield of 1.88%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.20. CSG Systems International’s dividend payout ratio is presently 42.47%.
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About CSG Systems International
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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