CSG Systems International, Inc. (NASDAQ:CSGS) Declares Dividend Increase – $0.32 Per Share

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.32 per share by the technology company on Wednesday, April 2nd. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30.

CSG Systems International has raised its dividend payment by an average of 6.3% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. CSG Systems International has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CSG Systems International to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.0%.

CSG Systems International Trading Down 1.0 %

NASDAQ:CSGS opened at $64.39 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm’s 50 day moving average is $53.75 and its 200 day moving average is $50.33. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $65.53. The stock has a market capitalization of $1.87 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. Sell-side analysts expect that CSG Systems International will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSGS. Northland Securities restated an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday. Wells Fargo & Company raised their price target on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Cantor Fitzgerald boosted their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CSG Systems International has a consensus rating of “Moderate Buy” and a consensus price target of $71.17.

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.