CSG Systems International Inc. (NASDAQ:CSGS) had its target price reduced by Stifel Nicolaus from $49.00 to $47.00 in a report published on Thursday morning. Stifel Nicolaus currently has a buy rating on the stock.
Separately, Zacks Investment Research upgraded CSG Systems International from a sell rating to a hold rating in a research note on Thursday, May 26th.
Shares of CSG Systems International (NASDAQ:CSGS) opened at 41.63 on Thursday. The stock’s 50 day moving average price is $42.62 and its 200-day moving average price is $42.41. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.20 and a beta of 0.81. CSG Systems International has a 52 week low of $30.06 and a 52 week high of $46.54.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The company had revenue of $190.30 million for the quarter, compared to analyst estimates of $185.50 million. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that CSG Systems International will post $2.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.185 per share. The ex-dividend date is Monday, September 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.78%. CSG Systems International’s payout ratio is 34.10%.
In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $40.31, for a total value of $44,300.69. Following the transaction, the insider now directly owns 23,305 shares in the company, valued at approximately $939,424.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.25% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of CSG Systems International by 2.4% in the second quarter. Capstone Asset Management Co. now owns 9,973 shares of the company’s stock worth $402,000 after buying an additional 230 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of CSG Systems International by 92.0% in the second quarter. BNP Paribas Arbitrage SA now owns 11,046 shares of the company’s stock worth $445,000 after buying an additional 5,293 shares in the last quarter. Arizona State Retirement System raised its position in shares of CSG Systems International by 0.6% in the first quarter. Arizona State Retirement System now owns 16,658 shares of the company’s stock worth $752,000 after buying an additional 100 shares in the last quarter. Bogle Investment Management L P DE raised its position in shares of CSG Systems International by 107.0% in the first quarter. Bogle Investment Management L P DE now owns 266,953 shares of the company’s stock worth $12,055,000 after buying an additional 138,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CSG Systems International by 1.2% in the first quarter. Geode Capital Management LLC now owns 352,205 shares of the company’s stock worth $15,904,000 after buying an additional 4,185 shares in the last quarter.
CSG Systems International Company Profile
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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