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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $72.4250.

Separately, Weiss Ratings cut CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of CSG Systems International by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after purchasing an additional 7,908 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of CSG Systems International by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock worth $24,295,000 after purchasing an additional 84,240 shares during the last quarter. Defiance ETFs LLC bought a new position in shares of CSG Systems International during the fourth quarter worth about $11,874,000. Water Island Capital LLC acquired a new position in CSG Systems International in the fourth quarter worth about $11,559,000. Finally, Lazard Asset Management LLC grew its stake in CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after purchasing an additional 62,763 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Down 0.0%

Shares of NASDAQ CSGS opened at $79.79 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.44 and a current ratio of 1.44. CSG Systems International has a 1 year low of $54.65 and a 1 year high of $80.67. The stock’s 50-day simple moving average is $79.56 and its 200-day simple moving average is $74.19. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.89 and a beta of 0.87.

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

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a $0.34 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 18th. CSG Systems International’s dividend payout ratio is currently 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.