Zacks: CSG Systems International, Inc. (CSGS) Receives Average Recommendation of “Buy” from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. CSG Systems International’s rating score has improved by 16.5% in the last 90 days as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus price objective of $51.00 for the company and are expecting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also assigned CSG Systems International an industry rank of 64 out of 255 based on the ratings given to related companies.

Several research firms have recently weighed in on CSGS. BidaskClub raised shares of CSG Systems International from a “strong sell” rating to a “sell” rating in a report on Thursday. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Friday, June 29th. Finally, Sidoti began coverage on shares of CSG Systems International in a report on Wednesday, August 15th. They issued a “buy” rating and a $50.00 target price on the stock.

A number of large investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB grew its holdings in CSG Systems International by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,400 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in CSG Systems International by 24.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after acquiring an additional 1,411 shares during the last quarter. Quantbot Technologies LP grew its holdings in CSG Systems International by 202.3% during the 1st quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock worth $191,000 after acquiring an additional 2,832 shares during the last quarter. New York State Teachers Retirement System grew its holdings in CSG Systems International by 4.2% during the 2nd quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock worth $3,227,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in CSG Systems International during the 2nd quarter worth about $272,000. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

CSGS opened at $38.99 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.68 and a current ratio of 2.68. CSG Systems International has a twelve month low of $36.38 and a twelve month high of $48.82. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.30 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $211.45 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. analysts expect that CSG Systems International will post 2.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, September 11th. CSG Systems International’s dividend payout ratio is currently 41.58%.

About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

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