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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $73.8143.

Several equities research analysts have recently issued reports on the company. Benchmark lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. William Blair cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Sidoti lowered CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a report on Wednesday, October 29th.

Hedge Funds Weigh In On CSG Systems International

Several large investors have recently modified their holdings of the business. Covestor Ltd raised its stake in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after acquiring an additional 129 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CSG Systems International by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after purchasing an additional 210 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of CSG Systems International by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after purchasing an additional 241 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in CSG Systems International in the 3rd quarter worth $25,000. Finally, TD Private Client Wealth LLC lifted its stake in CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.3%

Shares of CSGS stock opened at $79.76 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.88 and a beta of 0.89. CSG Systems International has a 52-week low of $52.94 and a 52-week high of $79.88. The company has a 50-day simple moving average of $77.87 and a two-hundred day simple moving average of $69.96.

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

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.6%. CSG Systems International’s dividend payout ratio (DPR) is 43.39%.

About CSG Systems International

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.