CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Recommendation of “Hold” from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $73.8143.

A number of brokerages recently issued reports on CSGS. Northland Capmk cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen cut CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Royal Bank Of Canada lowered shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, William Blair lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Hedge Funds Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently modified their holdings of CSGS. Danske Bank A S purchased a new stake in shares of CSG Systems International during the third quarter worth $637,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in CSG Systems International by 36.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock valued at $7,323,000 after purchasing an additional 30,150 shares in the last quarter. Kendall Capital Management increased its position in CSG Systems International by 9.9% in the 3rd quarter. Kendall Capital Management now owns 66,285 shares of the technology company’s stock worth $4,267,000 after purchasing an additional 5,950 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of CSG Systems International during the 3rd quarter worth about $25,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of CSG Systems International by 12.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock valued at $7,745,000 after buying an additional 13,600 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Stock Up 0.1%

NASDAQ CSGS opened at $77.00 on Friday. CSG Systems International has a 12 month low of $49.23 and a 12 month high of $79.20. The company has a market capitalization of $2.20 billion, a P/E ratio of 26.10, a PEG ratio of 2.00 and a beta of 0.88. The company’s 50 day simple moving average is $76.21 and its 200 day simple moving average is $68.18. 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 posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) 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 analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. Equities research analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, December 22nd. CSG Systems International’s dividend payout ratio is currently 43.39%.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.