CSG Systems International (NASDAQ:CSGS) Hits New 1-Year High on Analyst Upgrade

CSG Systems International, Inc. (NASDAQ:CSGS) reached a new 52-week high during trading on Thursday after Royal Bank of Canada raised their price target on the stock from $52.00 to $58.00. Royal Bank of Canada currently has an outperform rating on the stock. CSG Systems International traded as high as $56.17 and last traded at $55.73, with a volume of 226265 shares traded. The stock had previously closed at $51.09.

Several other research analysts also recently commented on CSGS. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday. Wells Fargo & Company lifted their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Cantor Fitzgerald lifted their target price on 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $61.60.

Hedge Funds Weigh In On CSG Systems International

Institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its holdings in CSG Systems International by 20.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after buying an additional 610 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 during the period. Sciencast Management LP purchased a new position in shares of CSG Systems International in the 1st quarter worth approximately $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 boosted its holdings in shares of CSG Systems International by 28.1% in the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 9.9 %

The stock has a market cap of $1.66 billion, a PE ratio of 25.10, a PEG ratio of 1.39 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a fifty day moving average price of $47.78 and a 200 day moving average price of $45.07.

CSG Systems International (NASDAQ:CSGS) last announced 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 analysts’ expectations 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 quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. Equities analysts expect that CSG Systems International, Inc. will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is 54.05%.

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.