Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $51.00.
A number of equities research analysts have weighed in on CSGS shares. B. Riley started coverage on CSG Systems International in a research report on Thursday, February 14th. They set a “buy” rating and a $51.00 price target on the stock. TheStreet upgraded CSG Systems International from a “c+” rating to a “b” rating in a research report on Wednesday, February 13th. Zacks Investment Research downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, BidaskClub upgraded CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.
NASDAQ CSGS opened at $47.40 on Thursday. CSG Systems International has a twelve month low of $30.40 and a twelve month high of $49.75. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 18.16 and a beta of 1.03.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). CSG Systems International had a net margin of 7.77% and a return on equity of 24.90%. The firm had revenue of $227.66 million for the quarter, compared to analysts’ expectations of $225.95 million. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts predict that CSG Systems International will post 2.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.222 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.89 dividend on an annualized basis and a yield of 1.87%. CSG Systems International’s payout ratio is 34.10%.
In other CSG Systems International news, Director Donald Reed sold 6,800 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total transaction of $313,412.00. Following the sale, the director now owns 34,868 shares in the company, valued at $1,607,066.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.94% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGS. Arizona State Retirement System increased its holdings in shares of CSG Systems International by 5.6% in the fourth quarter. Arizona State Retirement System now owns 51,325 shares of the technology company’s stock worth $1,631,000 after buying an additional 2,708 shares during the period. Rhumbline Advisers increased its holdings in shares of CSG Systems International by 13.9% in the fourth quarter. Rhumbline Advisers now owns 132,238 shares of the technology company’s stock worth $4,201,000 after buying an additional 16,174 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in shares of CSG Systems International in the fourth quarter worth about $403,000. 361 Capital LLC increased its holdings in shares of CSG Systems International by 637.2% in the fourth quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock worth $2,342,000 after buying an additional 63,707 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of CSG Systems International by 19.6% in the fourth quarter. California Public Employees Retirement System now owns 101,175 shares of the technology company’s stock worth $3,214,000 after buying an additional 16,577 shares during the period. Hedge funds and other institutional investors own 99.13% of the company’s stock.
CSG Systems International Company Profile
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 offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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