CSG Systems International’s (CSGS) Buy Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of CSG Systems International (NASDAQ:CSGS) in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a $75.00 price objective on the technology company’s stock.

Several other research firms have also commented on CSGS. Royal Bank of Canada lowered their price target on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald boosted their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $58.80.

CSG Systems International Price Performance

Shares of CSGS opened at $48.92 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59. The company’s fifty day moving average price is $47.71 and its 200-day moving average price is $45.03. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $55.64.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities research analysts predict that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. CSG Systems International’s dividend payout ratio is currently 54.05%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp increased its stake in CSG Systems International by 18.9% during the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after buying an additional 156,222 shares in the last quarter. LSV Asset Management raised its stake in CSG Systems International by 2.1% in the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares in the last quarter. SG Americas Securities LLC acquired a new stake in CSG Systems International during the 3rd quarter worth $840,000. Finally, Quantbot Technologies LP boosted its stake in CSG Systems International by 31.8% during the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after purchasing an additional 4,590 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.