B. Riley began coverage on shares of CSG Systems International (NASDAQ:CSGS) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $51.00 target price on the technology company’s stock.
Several other research firms have also recently weighed in on CSGS. Zacks Investment Research upgraded CSG Systems International from a hold rating to a strong-buy rating and set a $43.00 price objective on the stock in a research report on Thursday, November 15th. BidaskClub cut CSG Systems International from a hold rating to a sell rating in a research report on Tuesday, December 4th. ValuEngine upgraded CSG Systems International from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, TheStreet cut CSG Systems International from a b- rating to a c+ rating in a research report on Tuesday, December 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $48.25.
Get CSG Systems International alerts:CSGS stock opened at $41.25 on Thursday. The company has a current ratio of 1.71, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 15.80 and a beta of 0.99. CSG Systems International has a fifty-two week low of $30.40 and a fifty-two week high of $48.82.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.16. The firm had revenue of $231.70 million for the quarter, compared to analysts’ expectations of $228.30 million. CSG Systems International had a return on equity of 24.07% and a net margin of 7.56%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. As a group, equities analysts expect that CSG Systems International will post 2.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 14th will be given a $0.2225 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.21. CSG Systems International’s dividend payout ratio (DPR) is presently 32.18%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cavalier Investments LLC bought a new position in shares of CSG Systems International in the fourth quarter worth $85,000. First Hawaiian Bank bought a new position in shares of CSG Systems International in the third quarter worth $187,000. Raymond James Trust N.A. bought a new position in shares of CSG Systems International in the third quarter worth $215,000. Next Capital Management LLC bought a new position in shares of CSG Systems International in the fourth quarter worth $191,000. Finally, Paloma Partners Management Co bought a new position in shares of CSG Systems International in the third quarter worth $264,000. Institutional investors own 99.04% of the company’s stock.
CSG Systems International Company Profile
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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