CSG Systems International, Inc. (NASDAQ:CSGS) Declares Quarterly Dividend of $0.32

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Sunday, March 16th, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.32 per share by the technology company on Wednesday, April 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a 6.7% increase from CSG Systems International’s previous quarterly dividend of $0.30.

CSG Systems International has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. CSG Systems International has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

CSG Systems International Stock Up 2.0 %

CSG Systems International stock opened at $60.67 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market capitalization of $1.75 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. The firm has a 50 day moving average price of $59.30 and a 200 day moving average price of $53.57. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. Research analysts expect that CSG Systems International will post 3.83 earnings per share for the current year.

Insider Activity at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now owns 41,561 shares in the company, valued at $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northland Securities reiterated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Cantor Fitzgerald upped their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their target price on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stifel Nicolaus upped their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.71.

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.