CSG Systems International Inc. (NASDAQ:CSGS) had its price objective decreased by equities research analysts at Stifel Nicolaus from $49.00 to $47.00 in a report released on Thursday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.11% from the stock’s current price.
Separately, Zacks Investment Research raised CSG Systems International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, August 8th.
CSG Systems International (NASDAQ:CSGS) opened at 42.30 on Thursday. CSG Systems International has a 12-month low of $30.06 and a 12-month high of $46.54. The firm has a 50-day moving average of $42.61 and a 200-day moving average of $42.34. The firm has a market cap of $1.30 billion, a P/E ratio of 19.51 and a beta of 0.81.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The business earned $190.30 million during the quarter, compared to analysts’ expectations of $185.50 million. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, analysts expect that CSG Systems International will post $2.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, September 12th. This represents a $0.74 dividend on an annualized basis and a yield of 1.75%. CSG Systems International’s payout ratio is currently 34.10%.
In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $40.31, for a total transaction of $44,300.69. Following the completion of the sale, the insider now owns 23,305 shares of the company’s stock, valued at $939,424.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.25% of the company’s stock.
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of CSG Systems International during the second quarter worth approximately $116,000. PineBridge Investments L.P. raised its position in shares of CSG Systems International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $166,000 after buying an additional 119 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of CSG Systems International during the first quarter worth approximately $264,000. Highland Capital Management LLC acquired a new position in shares of CSG Systems International during the second quarter worth approximately $265,000. Finally, Pacad Investment Ltd. acquired a new position in shares of CSG Systems International during the first quarter worth approximately $325,000.
CSG Systems International Company Profile
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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