Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $58.80

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $58.80.

Several research firms have weighed in on CSGS. Wells Fargo & Company dropped their price target on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald upped their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently bought and sold shares of CSGS. Bank of New York Mellon Corp raised its holdings in CSG Systems International by 30.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after purchasing an additional 173,944 shares during the period. Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after acquiring an additional 156,222 shares during the last quarter. LSV Asset Management raised its holdings in shares of CSG Systems International by 10.6% during the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after acquiring an additional 134,531 shares during the last quarter. Delphi Management Inc. MA acquired a new position in shares of CSG Systems International during the first quarter valued at approximately $1,599,000. Finally, Lazard Asset Management LLC raised its holdings in shares of CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after acquiring an additional 28,666 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Down 0.6 %

CSG Systems International stock opened at $46.98 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day simple moving average is $43.00 and its two-hundred day simple moving average is $46.48. The company has a market cap of $1.39 billion, a PE ratio of 21.45, a PEG ratio of 1.39 and a beta of 0.81. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $55.74.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. The business had revenue of $290.30 million for the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Equities analysts anticipate that CSG Systems International will post 3.29 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. CSG Systems International’s payout ratio is 54.79%.

About CSG Systems International

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.