CSG Systems International (NASDAQ:CSGS) PT Lowered to $62.00 at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its price target reduced by Cantor Fitzgerald from $63.00 to $62.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research firms have also recently commented on CSGS. Royal Bank of Canada assumed coverage on CSG Systems International in a report on Wednesday, March 27th. They issued an outperform rating and a $61.00 price target for the company. Wells Fargo & Company cut their target price on CSG Systems International from $50.00 to $48.00 and set an equal weight rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $62.50.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded down $0.34 during midday trading on Thursday, hitting $41.70. The company had a trading volume of 451,877 shares, compared to its average volume of 239,657. CSG Systems International has a 1-year low of $41.52 and a 1-year high of $69.35. The business’s 50 day simple moving average is $50.29 and its two-hundred day simple moving average is $51.03. The stock has a market cap of $1.22 billion, a PE ratio of 19.04, a P/E/G ratio of 1.29 and a beta of 0.83. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.54.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. As a group, equities analysts predict that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

Institutional Trading of CSG Systems International

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in shares of CSG Systems International by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 1,644 shares in the last quarter. New York State Teachers Retirement System increased its holdings in CSG Systems International by 3.8% during the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after purchasing an additional 2,524 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in CSG Systems International in the 1st quarter valued at $190,000. Boston Trust Walden Corp boosted its stake in CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of CSG Systems International by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock worth $27,070,000 after purchasing an additional 24,385 shares during the last quarter. 91.07% of the stock is currently owned by 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.