CSG Systems International (NASDAQ:CSGS) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of CSG Systems International (NASDAQ:CSGS) in a report released on Wednesday, Benzinga reports. They currently have a $75.00 price target on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald dropped their price objective on CSG Systems International from $63.00 to $62.00 and set an overweight rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company lowered their target price on shares of CSG Systems International from $48.00 to $43.00 and set an equal weight rating for the company in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $60.60.

CSG Systems International Trading Up 8.4 %

NASDAQ CSGS traded up $3.63 during trading hours on Wednesday, hitting $46.70. 283,097 shares of the company were exchanged, compared to its average volume of 290,676. The stock has a market cap of $1.39 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.98. The stock has a 50-day moving average price of $42.28 and a 200 day moving average price of $46.77. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $56.15.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, June 14th. CSG Systems International’s payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds have recently made changes to their positions in CSGS. Bahl & Gaynor Inc. lifted its stake in shares of CSG Systems International by 5.0% during the 4th 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. LSV Asset Management raised its stake in CSG Systems International by 10.6% in the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after buying an additional 134,531 shares during the last quarter. BNP Paribas Financial Markets raised its stake in CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in CSG Systems International in the first quarter valued at about $190,000. Finally, Quantbot Technologies LP raised its stake in CSG Systems International by 31.8% in the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after buying an additional 4,590 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.