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

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $77.2333.

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

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently bought and sold shares of the business. Foster Dykema Cabot & Partners LLC acquired a new stake in CSG Systems International during the third quarter worth $25,000. Covestor Ltd boosted its stake in CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after buying an additional 129 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in CSG Systems International by 98.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock worth $57,000 after buying an additional 367 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CSG Systems International by 108.0% during the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after buying an additional 443 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in CSG Systems International by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $77,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Trading Down 0.0%

Shares of CSG Systems International stock opened at $80.40 on Friday. The company’s fifty day simple moving average is $80.05 and its 200-day simple moving average is $77.94. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 2.06 and a beta of 0.81. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.90. CSG Systems International has a 1 year low of $59.50 and a 1 year high of $80.67.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The firm had revenue of $323.09 million for the quarter, compared to the consensus estimate of $296.25 million. As a group, sell-side analysts expect that CSG Systems International will post 3.91 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.34 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, March 18th. CSG Systems International’s dividend payout ratio is presently 68.34%.

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.