ValuEngine upgraded shares of CSG Systems International (NASDAQ:CSGS) from a sell rating to a hold rating in a research report sent to investors on Thursday.
A number of other analysts have also recently commented on CSGS. Zacks Investment Research raised CSG Systems International from a sell rating to a hold rating in a research report on Friday, June 29th. BidaskClub raised CSG Systems International from a sell rating to a hold rating in a research report on Wednesday, June 20th. Finally, Sidoti assumed coverage on CSG Systems International in a research report on Wednesday, August 15th. They set a buy rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. CSG Systems International presently has a consensus rating of Hold and an average price target of $50.67.
Shares of CSGS stock opened at $37.81 on Thursday. CSG Systems International has a 1-year low of $36.38 and a 1-year high of $48.82. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.01. The firm has a market cap of $1.27 billion, a P/E ratio of 18.72 and a beta of 0.83.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. The company had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. equities research analysts forecast that CSG Systems International will post 2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.22%. CSG Systems International’s dividend payout ratio is currently 41.58%.
Institutional investors and hedge funds have recently modified their holdings of the business. BTIM Corp. acquired a new stake in CSG Systems International during the 2nd quarter worth about $11,093,000. Alambic Investment Management L.P. lifted its holdings in shares of CSG Systems International by 3.6% in the 1st quarter. Alambic Investment Management L.P. now owns 160,650 shares of the technology company’s stock valued at $7,276,000 after buying an additional 5,650 shares during the period. Bessemer Group Inc. lifted its holdings in shares of CSG Systems International by 32.8% in the 2nd quarter. Bessemer Group Inc. now owns 38,550 shares of the technology company’s stock valued at $1,575,000 after buying an additional 9,520 shares during the period. Rhumbline Advisers lifted its holdings in shares of CSG Systems International by 23.8% in the 1st quarter. Rhumbline Advisers now owns 100,033 shares of the technology company’s stock valued at $4,530,000 after buying an additional 19,248 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in shares of CSG Systems International by 28.8% in the 2nd quarter. Martingale Asset Management L P now owns 137,038 shares of the technology company’s stock valued at $5,601,000 after buying an additional 30,606 shares during the period. 96.62% of the stock is owned by institutional investors.
About CSG Systems International
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.
Further Reading: Price to Earnings Ratio (PE) Basics
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