CSG Systems International, Inc. (CSGS) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received 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 analysts have rated the stock with a strong buy recommendation. CSG Systems International’s rating score has improved by 50% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus price objective of $51.00 for the company and are anticipating that the company will post $0.69 earnings per share for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 109 out of 255 based on the ratings given to related companies.

A number of analysts have recently commented 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 started 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 stock traded down $0.38 during mid-day trading on Friday, reaching $35.92. 100,601 shares of the stock traded hands, compared to its average volume of 200,063. CSG Systems International has a 1-year low of $35.65 and a 1-year high of $48.82. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.06 and a beta of 0.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.01.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.73 EPS for the quarter, beating 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 firm had revenue of $213.00 million for the quarter, compared to analyst estimates of $211.45 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that CSG Systems International will post 2.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Wednesday, September 12th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.34%. CSG Systems International’s dividend payout ratio (DPR) is 41.58%.

Institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P increased its holdings in CSG Systems International by 28.8% in the second quarter. Martingale Asset Management L P now owns 137,038 shares of the technology company’s stock worth $5,601,000 after purchasing an additional 30,606 shares in the last quarter. BTIM Corp. bought a new stake in CSG Systems International in the second quarter worth approximately $11,093,000. New York State Teachers Retirement System increased its holdings in CSG Systems International by 4.2% in the second quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock worth $3,227,000 after purchasing an additional 3,200 shares in the last quarter. United Services Automobile Association increased its holdings in CSG Systems International by 441.3% in the second quarter. United Services Automobile Association now owns 138,711 shares of the technology company’s stock worth $6,603,000 after purchasing an additional 113,084 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in CSG Systems International by 32.8% in the second quarter. Bessemer Group Inc. now owns 38,550 shares of the technology company’s stock worth $1,575,000 after purchasing an additional 9,520 shares in the last quarter. Institutional investors own 96.40% of the company’s stock.

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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