Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 12-month consensus price target of $52.00 for the company and are expecting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CSG Systems International an industry rank of 102 out of 265 based on the ratings given to related companies.
CSGS has been the topic of several research reports. BidaskClub raised CSG Systems International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. ValuEngine raised CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus increased their price target on CSG Systems International from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research raised CSG Systems International from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, February 13th.
Shares of CSG Systems International stock traded down $1.91 on Friday, hitting $44.76. The stock had a trading volume of 301,202 shares, compared to its average volume of 227,419. CSG Systems International has a twelve month low of $35.48 and a twelve month high of $48.82. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1,571.49, a price-to-earnings ratio of 22.16 and a beta of 0.92.
CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.03). CSG Systems International had a net margin of 7.77% and a return on equity of 21.47%. The firm had revenue of $205.20 million during the quarter, compared to analyst estimates of $199.21 million. During the same period in the previous year, the company posted $0.57 EPS. CSG Systems International’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts predict that CSG Systems International will post 2.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.20. CSG Systems International’s dividend payout ratio is currently 41.58%.
In related news, CFO Randy Wiese sold 11,965 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $46.86, for a total transaction of $560,679.90. Following the sale, the chief financial officer now owns 67,829 shares of the company’s stock, valued at $3,178,466.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Bret C. Griess sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $48.42, for a total value of $968,400.00. Following the sale, the chief executive officer now directly owns 242,690 shares in the company, valued at approximately $11,751,049.80. The disclosure for this sale can be found here. Insiders have sold 58,279 shares of company stock worth $2,764,667 in the last three months. 2.57% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in shares of CSG Systems International in the 4th quarter valued at $207,000. MetLife Investment Advisors LLC acquired a new stake in shares of CSG Systems International in the 4th quarter valued at $669,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of CSG Systems International by 16.3% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the technology company’s stock valued at $647,000 after purchasing an additional 2,070 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of CSG Systems International by 3.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 167,814 shares of the technology company’s stock valued at $7,354,000 after purchasing an additional 4,999 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of CSG Systems International by 15.5% in the 4th quarter. Teachers Advisors LLC now owns 439,427 shares of the technology company’s stock valued at $19,256,000 after purchasing an additional 58,902 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.
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CSG Systems International Company Profile
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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