CSG Systems International (NASDAQ:CSGS) Given Outperform Rating at Northland Securities

Northland Securities reissued their outperform rating on shares of CSG Systems International (NASDAQ:CSGS) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $80.00 target price on the technology company’s stock, up from their prior target price of $78.00.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of 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. Finally, Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Price Performance

CSG Systems International stock opened at $65.06 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $65.53. The firm has a 50 day moving average price of $53.54 and a 200 day moving average price of $50.23. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. Sell-side analysts predict that CSG Systems International will post 3.44 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.97%. CSG Systems International’s dividend payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

Institutional investors have recently added to or reduced their stakes in the stock. Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after purchasing an additional 88,216 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CSG Systems International during the third quarter worth $840,000. Geode Capital Management LLC raised its holdings in shares of CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC raised its holdings in shares of CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in shares of CSG Systems International during the third quarter worth $866,000. 91.07% of the stock is owned by institutional investors and hedge funds.

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.