CSG Systems International, Inc. Declares Quarterly Dividend of $0.30 (NASDAQ:CSGS)

CSG Systems International, Inc. (NASDAQ:CSGS) declared a quarterly dividend on Sunday, December 15th,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.30 per share by the technology company on Friday, January 3rd. This represents a $1.20 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, December 18th.

CSG Systems International has increased its dividend by an average of 6.0% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. CSG Systems International has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CSG Systems International to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.7%.

CSG Systems International Price Performance

Shares of CSGS opened at $53.76 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15. The company has a market cap of $1.56 billion, a P/E ratio of 23.68, a PEG ratio of 1.57 and a beta of 0.86. The firm’s 50 day moving average price is $51.78 and its 200 day moving average price is $47.10.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts forecast that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CSGS. Wells Fargo & Company raised their price target on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $62.00.

About CSG Systems International

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.