Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 1 year consensus price target of $47.00 for the company and are forecasting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 121 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on CSGS shares. Stifel Nicolaus restated a “buy” rating and set a $47.00 target price on shares of CSG Systems International in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of CSG Systems International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
In other CSG Systems International news, EVP Kenneth M. Kennedy sold 1,903 shares of CSG Systems International stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.68, for a total value of $86,929.04. Following the completion of the transaction, the executive vice president now owns 43,910 shares of the company’s stock, valued at $2,005,808.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald V. Smith sold 8,878 shares of CSG Systems International stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $44.23, for a total transaction of $392,673.94. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $884,600. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $1,667,195 over the last 90 days. 2.57% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. purchased a new position in CSG Systems International in the third quarter valued at $252,000. Piedmont Investment Advisors LLC purchased a new position in CSG Systems International in the second quarter valued at $296,000. Stoneridge Investment Partners LLC increased its holdings in CSG Systems International by 26.2% in the fourth quarter. Stoneridge Investment Partners LLC now owns 7,709 shares of the technology company’s stock valued at $338,000 after buying an additional 1,600 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in CSG Systems International by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,680 shares of the technology company’s stock valued at $508,000 after buying an additional 4,700 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in CSG Systems International by 80.3% in the second quarter. UBS Asset Management Americas Inc. now owns 13,225 shares of the technology company’s stock valued at $537,000 after buying an additional 5,889 shares in the last quarter. 92.00% of the stock is owned by institutional investors.
Shares of CSG Systems International (NASDAQ CSGS) opened at $44.68 on Tuesday. CSG Systems International has a one year low of $35.48 and a one year high of $48.31. The company has a current ratio of 2.49, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90. The company has a market cap of $1,495.15, a price-to-earnings ratio of 24.02 and a beta of 1.00.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.03). CSG Systems International had a return on equity of 21.47% and a net margin of 7.77%. The company had revenue of $205.20 million for the quarter, compared to analyst estimates of $199.21 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. research analysts predict that CSG Systems International will post 2.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 13th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. CSG Systems International’s payout ratio is currently 42.47%.
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About CSG Systems International
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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