Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $72.94

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $72.4250.

Several research analysts recently weighed in on CSGS shares. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target for the company. in a report on Wednesday, October 29th. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada downgraded 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. Finally, Wall Street Zen lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st.

Hedge Funds Weigh In On CSG Systems International

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in CSG Systems International by 30.9% in the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after buying an additional 129 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CSG Systems International by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after acquiring an additional 210 shares during the last quarter. California State Teachers Retirement System lifted 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 worth $1,775,000 after acquiring an additional 241 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in shares of CSG Systems International by 2.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company’s stock worth $833,000 after acquiring an additional 304 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in CSG Systems International by 98.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after purchasing an additional 367 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Stock Up 0.4%

CSGS stock opened at $79.93 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.50. The company’s 50 day simple moving average is $78.74 and its 200-day simple moving average is $72.52. CSG Systems International has a 12 month low of $54.65 and a 12 month high of $80.67. The firm has a market capitalization of $2.28 billion, a PE ratio of 40.17, a P/E/G ratio of 1.88 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.20. The firm had revenue of $323.09 million for the quarter, compared to analyst estimates of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. Equities analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, March 18th. CSG Systems International’s payout ratio is 64.32%.

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.