CSG Systems International’s (CSGS) “Buy” Rating Reiterated at Benchmark

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

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald increased their price target on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and an average target price of $61.60.

CSG Systems International Trading Up 9.5 %

NASDAQ CSGS opened at $55.93 on Tuesday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 0.82. The business has a 50 day simple moving average of $47.94 and a 200 day simple moving average of $45.15. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59. CSG Systems International has a one year low of $39.56 and a one year high of $57.15.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The company had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Research analysts expect that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is presently 54.05%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division raised its holdings in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares during the last quarter. SG Americas Securities LLC grew its position in CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after purchasing an additional 1,698 shares in the last quarter. Sciencast Management LP purchased a new stake in CSG Systems International in the 1st quarter valued at about $233,000. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International in the 2nd quarter worth approximately $243,000. Finally, EMC Capital Management grew its holdings in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after acquiring an additional 1,056 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.