CSG Systems International (NASDAQ:CSGS) Reaches New 12-Month Low on Analyst Downgrade

CSG Systems International, Inc. (NASDAQ:CSGS) reached a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $50.00 to $48.00. Wells Fargo & Company currently has an equal weight rating on the stock. CSG Systems International traded as low as $42.83 and last traded at $43.10, with a volume of 82338 shares changing hands. The stock had previously closed at $45.82.

CSGS has been the subject of a number of other research reports. Royal Bank of Canada initiated coverage on CSG Systems International in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of CSG Systems International by 3.7% in the 1st 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. New York State Teachers Retirement System raised its position in shares of CSG Systems International by 3.8% in the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after acquiring an additional 2,524 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after acquiring an additional 8,395 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of CSG Systems International by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock worth $27,070,000 after acquiring an additional 24,385 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after acquiring an additional 134,531 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

The stock has a market cap of $1.30 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.45 and a beta of 0.83. The firm has a 50-day moving average price of $50.74 and a 200-day moving average price of $51.16. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. On average, analysts forecast that CSG Systems International, Inc. will post 3.26 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.71%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is presently 54.79%.

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.