CSG Systems International, Inc. (NASDAQ:CSGS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. CSG Systems International’s rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $51.00 for the company and are predicting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also assigned CSG Systems International an industry rank of 109 out of 255 based on the ratings given to its competitors.
Several analysts recently weighed in on the company. BidaskClub raised CSG Systems International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Zacks Investment Research upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Sidoti initiated coverage on CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 price objective for the company.
Shares of CSGS traded down $0.38 during trading hours on Friday, hitting $35.92. 100,601 shares of the company were exchanged, compared to its average volume of 200,063. The firm has a market cap of $1.24 billion, a P/E ratio of 18.06 and a beta of 0.81. CSG Systems International has a fifty-two week low of $35.65 and a fifty-two week high of $48.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.68 and a current ratio of 2.68.
CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 1st. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $213.00 million for the quarter, compared to analyst estimates of $211.45 million. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. CSG Systems International’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. On average, research analysts predict that CSG Systems International will post 2.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Wednesday, September 12th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.34%. CSG Systems International’s payout ratio is currently 41.58%.
A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its position in shares of CSG Systems International by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock valued at $278,000 after buying an additional 1,400 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of CSG Systems International by 24.7% during the second quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock valued at $291,000 after buying an additional 1,411 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of CSG Systems International by 4.2% during the second quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock valued at $3,227,000 after buying an additional 3,200 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of CSG Systems International during the third quarter valued at approximately $187,000. Finally, Raymond James Trust N.A. purchased a new position in shares of CSG Systems International during the third quarter valued at approximately $215,000. 96.40% of the stock is owned by hedge funds and other 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.
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