Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $62.50

Shares of CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.67.

A number of research analysts have weighed in on the stock. Royal Bank of Canada started coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective for the company. Cantor Fitzgerald cut their target price on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company cut their target price on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday.

Check Out Our Latest Analysis on CSGS

Hedge Funds Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in CSG Systems International by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares during the period. Central Pacific Bank Trust Division purchased a new stake in CSG Systems International during the 1st quarter worth approximately $190,000. Sciencast Management LP purchased a new stake in CSG Systems International during the 1st quarter worth approximately $233,000. EMC Capital Management increased its stake in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after buying an additional 1,056 shares during the period. Finally, Quantbot Technologies LP increased its stake in CSG Systems International by 31.8% during the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after buying an additional 4,590 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Trading Down 2.6 %

NASDAQ:CSGS opened at $41.22 on Friday. CSG Systems International has a 12 month low of $41.11 and a 12 month high of $69.35. The firm has a fifty day simple moving average of $45.88 and a 200-day simple moving average of $49.94. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $1.22 billion, a P/E ratio of 18.82, a PEG ratio of 1.31 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGSGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The firm had revenue of $270.07 million during the quarter, compared to analysts’ expectations of $271.66 million. On average, equities research analysts anticipate that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. CSG Systems International’s dividend payout ratio is currently 54.79%.

About CSG Systems International

(Get Free Report

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.

Further Reading

Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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