CSG Systems International, Inc. (CSGS) Given Consensus Rating of “Strong Buy” by 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 company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. CSG Systems International’s rating score has improved by 40.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target of $47.00 for the company and are expecting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 39 out of 257 based on the ratings given to related companies.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Sidoti began coverage on shares of CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 target price for the company.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. River Road Asset Management LLC grew its position in shares of CSG Systems International by 94.6% during the third quarter. River Road Asset Management LLC now owns 1,279,165 shares of the technology company’s stock worth $51,346,000 after buying an additional 621,856 shares in the last quarter. BTIM Corp. boosted its holdings in shares of CSG Systems International by 64.8% during the 3rd quarter. BTIM Corp. now owns 447,221 shares of the technology company’s stock valued at $17,951,000 after acquiring an additional 175,800 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of CSG Systems International by 39.1% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 426,598 shares of the technology company’s stock valued at $17,435,000 after acquiring an additional 119,904 shares in the last quarter. Putnam Investments LLC acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at $4,572,000. Finally, United Services Automobile Association boosted its holdings in shares of CSG Systems International by 441.3% during the 2nd quarter. United Services Automobile Association now owns 138,711 shares of the technology company’s stock valued at $6,603,000 after acquiring an additional 113,084 shares in the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CSGS traded up $0.21 on Wednesday, reaching $35.28. 133,667 shares of the company were exchanged, compared to its average volume of 193,131. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.99. CSG Systems International has a 1-year low of $33.33 and a 1-year high of $48.82. The stock has a market cap of $1.17 billion, a PE ratio of 17.47 and a beta of 0.86.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.56 by $0.14. CSG Systems International had a net margin of 7.23% and a return on equity of 21.86%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $216.87 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that CSG Systems International will post 2.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Wednesday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, December 4th. CSG Systems International’s dividend payout ratio (DPR) is presently 41.58%.

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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