CSG Systems International (NASDAQ:CSGS) Given New $58.00 Price Target at Royal Bank of Canada

CSG Systems International (NASDAQ:CSGS) had its price objective raised by Royal Bank of Canada from $52.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts have also weighed in on the company. Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday. Cantor Fitzgerald increased their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Wells Fargo & Company upped their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Trading Down 0.6 %

CSGS stock traded down $0.35 during trading on Thursday, hitting $55.58. The company had a trading volume of 375,746 shares, compared to its average volume of 268,823. The firm has a 50-day moving average price of $47.94 and a 200-day moving average price of $45.15. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.39 and a beta of 0.82. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $57.15. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results 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 analysts’ expectations of $269.60 million. During the same quarter in the previous year, the company earned $0.61 EPS. CSG Systems International’s revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio is currently 54.05%.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGS. Bank of New York Mellon Corp grew its stake in shares of CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after acquiring an additional 173,944 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after acquiring an additional 156,222 shares in the last quarter. Delphi Management Inc. MA acquired a new stake in shares of CSG Systems International in the 1st quarter valued at approximately $1,599,000. LSV Asset Management boosted its stake in shares of CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after acquiring an additional 29,723 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.