CSG Systems International (NASDAQ:CSGS) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of CSG Systems International (NASDAQ:CSGS) in a report issued on Friday. The firm issued a buy rating and a $75.00 price target on the technology company’s stock.

A number of other research analysts also recently commented on the company. Cantor Fitzgerald increased their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Northland Securities reissued an “outperform” rating and issued a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and a consensus price target of $71.71.

CSG Systems International Trading Down 0.4 %

CSGS opened at $64.01 on Friday. CSG Systems International has a one year low of $39.56 and a one year high of $65.53. The company has a market cap of $1.86 billion, a P/E ratio of 21.06, a PEG ratio of 1.67 and a beta of 0.89. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The business’s 50-day simple moving average is $55.56 and its 200-day simple moving average is $51.59.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, equities research analysts expect that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International’s dividend payout ratio (DPR) is presently 39.47%.

Institutional Trading of CSG Systems International

A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi lifted its position in CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company’s stock worth $910,000 after acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB lifted its position in CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after acquiring an additional 302 shares during the period. TD Private Client Wealth LLC lifted its position in CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares during the period. Willis Investment Counsel raised its stake in shares of CSG Systems International by 4.3% during the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of CSG Systems International by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company’s stock worth $910,000 after buying an additional 1,066 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.