Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $73.81

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $73.8143.

A number of research firms have recently weighed in on CSGS. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Northland Securities downgraded CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Oppenheimer lowered CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. William Blair downgraded CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Sidoti cut CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target for the company. in a research report on Wednesday, October 29th.

CSG Systems International Trading Down 0.2%

Shares of NASDAQ:CSGS opened at $79.79 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.86. CSG Systems International has a 52-week low of $54.65 and a 52-week high of $80.28. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.89 and a beta of 0.89. The business has a 50-day moving average price of $78.02 and a 200-day moving average price of $70.52.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. Equities analysts predict that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd. CSG Systems International’s payout ratio is currently 43.39%.

Institutional Trading of CSG Systems International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGS. Foster Dykema Cabot & Partners LLC acquired a new position in shares of CSG Systems International in the third quarter worth about $25,000. Covestor Ltd grew its position in shares of CSG Systems International by 30.9% during the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after acquiring an additional 129 shares during the period. GAMMA Investing LLC increased its stake in shares of CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after purchasing an additional 220 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CSG Systems International by 108.0% in the 4th quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after purchasing an additional 443 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in CSG Systems International by 18.4% during the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.