CSG Systems International, Inc. (NASDAQ:CSGS) Increases Dividend to $0.32 Per Share

CSG Systems International, Inc. (NASDAQ:CSGS) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors 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 yield of 1.97%. The ex-dividend date is Wednesday, March 19th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30.

CSG Systems International has increased its dividend by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 11 years. CSG Systems International has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect CSG Systems International to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.0%.

CSG Systems International Stock Up 5.5 %

Shares of CSG Systems International stock opened at $65.06 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of 28.66, a PEG ratio of 1.61 and a beta of 0.89. The firm has a fifty day moving average of $53.54 and a two-hundred day moving average of $50.23. 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 one year low of $39.56 and a one year high of $65.53.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data 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 5.52% and a return on equity of 32.77%. On average, analysts forecast that CSG Systems International will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CSGS shares. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Securities restated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research report on Thursday. Royal Bank of Canada increased their target price on shares of CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday. Benchmark reissued a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Cantor Fitzgerald raised their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

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.