CSG Systems International (NASDAQ:CSGS) Hits New 52-Week High After Analyst Upgrade

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) reached a new 52-week high during trading on Thursday after Royal Bank of Canada raised their price target on the stock from $52.00 to $58.00. Royal Bank of Canada currently has an outperform rating on the stock. CSG Systems International traded as high as $56.17 and last traded at $55.73, with a volume of 226265 shares. The stock had previously closed at $51.09.

Several other analysts also recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CSGS. Boston Trust Walden Corp increased its position 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 worth $40,498,000 after purchasing an additional 156,222 shares in the last quarter. Bank of New York Mellon Corp increased its position in CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after buying an additional 173,944 shares in the last quarter. Lazard Asset Management LLC raised its stake in CSG Systems International by 116.2% in the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after buying an additional 28,666 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in CSG Systems International by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Delphi Management Inc. MA acquired a new stake in CSG Systems International in the first quarter worth about $1,599,000. 91.07% of the stock is owned by institutional investors.

CSG Systems International Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. The firm has a market cap of $1.64 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.82. The stock has a 50 day moving average price of $48.08 and a two-hundred day moving average price of $45.19.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that CSG Systems International, Inc. will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. CSG Systems International’s payout ratio is 54.05%.

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.