Zacks: Brokerages Set $47.00 Price Target for CSG Systems International, Inc. (CSGS)
Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus price target of $47.00 for the company and are expecting that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CSG Systems International an industry rank of 85 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a research report on Monday. Zacks Investment Research raised shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, May 9th.
CSG Systems International (CSGS) opened at 42.39 on Thursday. The firm has a 50-day moving average of $40.53 and a 200 day moving average of $41.62. The stock has a market cap of $1.37 billion, a PE ratio of 22.61 and a beta of 1.09. CSG Systems International has a 12 month low of $35.48 and a 12 month high of $51.34.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.08. CSG Systems International had a return on equity of 27.58% and a net margin of 8.03%. The business had revenue of $192.50 million during the quarter, compared to analyst estimates of $192 million. During the same period in the previous year, the company earned $0.77 EPS. CSG Systems International’s revenue was up 3.4% on a year-over-year basis. Analysts anticipate that CSG Systems International will post $2.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th were given a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, June 5th. CSG Systems International’s payout ratio is currently 42.02%.
In other news, EVP Kenneth M. Kennedy sold 3,891 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $39.10, for a total value of $152,138.10. Following the completion of the sale, the executive vice president now owns 49,609 shares of the company’s stock, valued at $1,939,711.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald Reed sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.53, for a total transaction of $207,650.00. Following the completion of the sale, the director now directly owns 40,868 shares of the company’s stock, valued at approximately $1,697,248.04. The disclosure for this sale can be found here. 2.57% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its stake in CSG Systems International by 16.0% in the first quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in CSG Systems International during the first quarter valued at about $223,000. Jensen Investment Management Inc. raised its stake in CSG Systems International by 14.9% in the first quarter. Jensen Investment Management Inc. now owns 11,560 shares of the technology company’s stock valued at $437,000 after buying an additional 1,500 shares during the last quarter. Karp Capital Management Corp acquired a new stake in CSG Systems International during the first quarter valued at about $471,000. Finally, California Public Employees Retirement System raised its stake in CSG Systems International by 32.7% in the first quarter. California Public Employees Retirement System now owns 14,600 shares of the technology company’s stock valued at $552,000 after buying an additional 3,600 shares during the last quarter. 94.37% of the stock is owned by institutional investors.
CSG Systems International Company Profile
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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