Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. CSG Systems International’s rating score has improved by 16.5% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price target 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 75 out of 255 based on the ratings given to related companies.
Several research firms have issued reports on CSGS. Sidoti began coverage on CSG Systems International in a research note on Wednesday, August 15th. They issued a “buy” rating and a $50.00 target price on the stock. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. Finally, BidaskClub lowered CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th.
CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $211.45 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. sell-side analysts expect that CSG Systems International will post 2.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 12th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, September 11th. CSG Systems International’s dividend payout ratio is presently 41.58%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP boosted its holdings in CSG Systems International by 202.3% in the first quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock worth $191,000 after acquiring an additional 2,832 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CSG Systems International in the second quarter worth about $272,000. Xact Kapitalforvaltning AB boosted its holdings in CSG Systems International by 29.6% in the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,400 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in CSG Systems International by 24.7% in the second quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in CSG Systems International in the second quarter worth about $728,000. 96.74% of the stock is owned by institutional investors and hedge funds.
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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