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

by · The Markets Daily

CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report) has been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $73.8143.

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their price target on CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. William Blair cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Oppenheimer downgraded shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th.

Check Out Our Latest Analysis on CSGS

CSG Systems International Trading Down 0.3%

Shares of NASDAQ:CSGS opened at $77.01 on Wednesday. CSG Systems International has a 52-week low of $49.23 and a 52-week high of $79.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $2.20 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.88. The company has a 50-day simple moving average of $72.47 and a 200 day simple moving average of $66.86.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, topping 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 the consensus estimate of $278.76 million. Sell-side analysts forecast that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be paid a $0.32 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.7%. CSG Systems International’s payout ratio is 43.39%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CSGS. Foster Dykema Cabot & Partners LLC bought a new stake in shares of CSG Systems International in the third quarter valued at about $25,000. Covestor Ltd increased its holdings in shares of 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 purchasing an additional 129 shares during the period. GAMMA Investing LLC raised its position in shares of CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after buying an additional 220 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock valued at $164,000 after buying an additional 390 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of CSG Systems International in the second quarter valued at approximately $240,000. Institutional investors own 91.07% of the company’s stock.

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.

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