CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Rating of “Hold” by Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $73.8143.

CSGS has been the subject of a number of research reports. Oppenheimer lowered CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. William Blair downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Sidoti cut shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target on the stock. in a research note on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

CSG Systems International Stock Performance

CSG Systems International stock opened at $78.11 on Wednesday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.04 and a beta of 0.88. The stock has a fifty day moving average price of $71.74 and a two-hundred day moving average price of $66.63. CSG Systems International has a 52-week low of $49.23 and a 52-week high of $79.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.50 and a quick ratio of 1.50.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $303.62 million for the quarter, compared to analysts’ expectations of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. As a group, analysts anticipate that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Monday, December 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. CSG Systems International’s payout ratio is presently 43.39%.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSGS. Kendall Capital Management grew its position in shares of CSG Systems International by 27.7% during the 2nd quarter. Kendall Capital Management now owns 60,335 shares of the technology company’s stock worth $3,940,000 after buying an additional 13,075 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in CSG Systems International by 18.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after acquiring an additional 216,128 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in CSG Systems International during the 2nd quarter worth $10,859,000. Willis Investment Counsel raised its position in shares of CSG Systems International by 91.2% during the 2nd quarter. Willis Investment Counsel now owns 35,341 shares of the technology company’s stock valued at $2,308,000 after acquiring an additional 16,862 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of CSG Systems International by 16.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock valued at $487,000 after acquiring an additional 1,071 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Company Profile

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.