CSG Systems International, Inc.

NasdaqGS:CSGS Stock Report

Market Cap: US$2.2b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

CSG Systems International Management

Management criteria checks 3/4

CSG Systems International's CEO is Brian Shepherd, appointed in Jan 2021, has a tenure of 5.33 years. total yearly compensation is $11.13M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 2.08% of the company’s shares, worth $46.41M. The average tenure of the management team and the board of directors is 4.5 years and 5.7 years respectively.

Key information

Brian Shepherd

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage7.31%
CEO tenure5.3yrs
CEO ownership2.1%
Management average tenure4.5yrs
Board average tenure5.7yrs

Recent management updates

Analysis Article May 08

CSG Systems International, Inc.'s (NASDAQ:CSGS) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights CSG Systems International to hold its Annual General Meeting on 14th of May Total pay for CEO Brian...

Recent updates

Narrative Update Apr 26

CSGS: Contract Extensions New Services And Capital Returns Will Support Steady Outlook

Analysts have kept their price target for CSG Systems International effectively unchanged at about $80.70 per share, reflecting steady assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E, even after the latest review of their model inputs. What's in the News ePLDT Group and its data center subsidiary VITRO Inc.
Narrative Update Apr 11

CSGS: Contract Wins Buybacks And Dividend Will Support Balanced Fair Value Outlook

Analysts have maintained their $80.70 price target for CSG Systems International, indicating broadly consistent views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions compared with the prior update. What's in the News ePLDT Group and its data center subsidiary VITRO Inc.
Narrative Update Mar 28

CSGS: Buybacks Dividend Increase And Contract Wins Will Shape Balanced Outlook

Analysts kept their $80.70 price target for CSG Systems International unchanged, noting that only very small adjustments in assumptions for discount rate, revenue growth, profit margin and future P/E were made, which did not materially affect their overall view. What's in the News Completed share repurchase of 2,053,424 shares, about 7.34% of outstanding stock, for a total of US$157.24 million under the buyback announced on August 2, 2023, including 84,553 shares for US$5.51 million between October 1 and December 31, 2025 (Key Developments).
Narrative Update Mar 11

CSGS: Cash Deal And Buybacks Will Define Balanced Risk Reward Profile

Analysts have modestly reduced their price target on CSG Systems International from $80.70 to $80.70. This reflects updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions.
Narrative Update Jan 26

CSGS: Share Price Will Reflect Cash Deal As Ratings Turn Cautious

Analysts have converged on an updated price target of $80.70 for CSG Systems International, aligning their views with NEC Corporation's agreed all cash acquisition price. This reflects expectations of limited competing bids and manageable antitrust risk.
Narrative Update Jan 10

CSGS: Share Price Will Track Cash Takeout As Ratings Shift To Neutral

Analysts have aligned their price targets on CSG Systems International at US$80.70 per share, up from prior targets clustered around US$70 to US$72, as they factor in the agreed all cash acquisition by NEC Corporation and the reduced likelihood of competing bids. Analyst Commentary Research desks have largely shifted their CSG Systems views to neutral as the agreed all cash acquisition by NEC at US$80.70 per share now anchors valuation and return expectations.
Narrative Update Dec 27

CSGS: Share Price Will Follow All-Cash Offer Amid Broad Rating Downgrades

Analysts have modestly raised their price target on CSG Systems International to $80.70 per share, reflecting the agreed all cash acquisition by NEC Corporation and the view that upside is now largely capped around the deal value. Analyst Commentary Research coverage has largely shifted to a more neutral stance following the announcement of NEC Corporation's all cash acquisition of CSG Systems International at $80.70 per share.
Narrative Update Dec 12

CSGS: Share Price Will Track All-Cash Offer Amid Downgrades And Deal Risk

Analysts have raised their price target on CSG Systems International to $80.70 per share, effectively aligning it with NEC Corporation's agreed all cash acquisition price, as they see limited upside beyond the deal consideration. Analyst Commentary Analysts broadly view the NEC transaction as a valuation ceiling in the near term, leading to a wave of rating downgrades as the risk and reward profile shifts from operational execution to deal completion.
Narrative Update Nov 27

CSGS: Share Price Will Remain Stable Following $80.70 All-Cash Acquisition

Analysts have raised their price target on CSG Systems International to $80.70 per share, up from a prior range of $70 to $72, reflecting the acquisition agreement with NEC Corporation and aligning with the announced all-cash deal value. Analyst Commentary Following the acquisition announcement, analysts provided updates on their outlook and ratings for CSG Systems International, highlighting both optimism and caution regarding the company's valuation and prospects.
Narrative Update Nov 13

CSGS: Acquisition Proposal Will Anchor Share Price Pending Deal Completion

The analyst price target for CSG Systems International was raised from previous levels to $80.70 per share. This change reflects broad consensus among analysts following NEC Corporation's announced acquisition of the company at that price.
Narrative Update Oct 29

Acquisition Agreement Will Cap Upside But Reduce Uncertainty For Shareholders

The analyst price target for CSG Systems International has increased to $80.70 per share from the prior $77.29. Analysts are adjusting their valuations to reflect the acquisition agreement with NEC Corporation.
Seeking Alpha Aug 29

CSG Systems: A 'Hold' After The Recent Run

Summary CSG Systems delivered robust H1 results, with strong free cash flow and a guidance hike for full-year non-GAAP EPS and FCF. The company is actively diversifying its customer base, reducing reliance on Charter and Comcast from 40% to 36% of revenue. Net debt remains manageable at 1.5x adjusted EBITDA, and capital returns to shareholders continue via dividends and buybacks. Despite solid fundamentals, I maintain a 'hold' rating, awaiting a more attractive entry point after missing earlier buying opportunities. Read the full article on Seeking Alpha
Analysis Article Aug 28

Slowing Rates Of Return At CSG Systems International (NASDAQ:CSGS) Leave Little Room For Excitement

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jul 11

Here's Why We Think CSG Systems International (NASDAQ:CSGS) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Jun 28

CSG Systems International (NASDAQ:CSGS) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jun 13

Investors Appear Satisfied With CSG Systems International, Inc.'s (NASDAQ:CSGS) Prospects

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Analysis Article May 29

CSG Systems International (NASDAQ:CSGS) Has Some Way To Go To Become A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Analysis Article May 15

Shareholders Can Be Confident That CSG Systems International's (NASDAQ:CSGS) Earnings Are High Quality

When companies post strong earnings, the stock generally performs well, just like CSG Systems International, Inc.'s...
Analysis Article May 08

CSG Systems International, Inc.'s (NASDAQ:CSGS) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights CSG Systems International to hold its Annual General Meeting on 14th of May Total pay for CEO Brian...
Analysis Article Apr 07

Does CSG Systems International (NASDAQ:CSGS) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Mar 11

Is There An Opportunity With CSG Systems International, Inc.'s (NASDAQ:CSGS) 49% Undervaluation?

Key Insights The projected fair value for CSG Systems International is US$120 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Feb 07

CSG Systems International, Inc.'s (NASDAQ:CSGS) 29% Share Price Surge Not Quite Adding Up

CSG Systems International, Inc. ( NASDAQ:CSGS ) shares have had a really impressive month, gaining 29% after a shaky...
Analysis Article Jan 18

CSG Systems International (NASDAQ:CSGS) Hasn't Managed To Accelerate Its Returns

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Dec 10

We Think CSG Systems International (NASDAQ:CSGS) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

CEO Compensation Analysis

How has Brian Shepherd's remuneration changed compared to CSG Systems International's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$64m

Dec 31 2025US$11mUS$813k

US$56m

Sep 30 2025n/an/a

US$83m

Jun 30 2025n/an/a

US$82m

Mar 31 2025n/an/a

US$84m

Dec 31 2024US$11mUS$755k

US$87m

Sep 30 2024n/an/a

US$65m

Jun 30 2024n/an/a

US$65m

Mar 31 2024n/an/a

US$65m

Dec 31 2023US$8mUS$725k

US$66m

Sep 30 2023n/an/a

US$74m

Jun 30 2023n/an/a

US$68m

Mar 31 2023n/an/a

US$59m

Dec 31 2022US$8mUS$700k

US$44m

Sep 30 2022n/an/a

US$41m

Jun 30 2022n/an/a

US$45m

Mar 31 2022n/an/a

US$59m

Dec 31 2021US$6mUS$697k

US$72m

Sep 30 2021n/an/a

US$68m

Jun 30 2021n/an/a

US$66m

Mar 31 2021n/an/a

US$57m

Dec 31 2020US$4mUS$473k

US$59m

Sep 30 2020n/an/a

US$68m

Jun 30 2020n/an/a

US$76m

Mar 31 2020n/an/a

US$85m

Dec 31 2019US$2mUS$455k

US$83m

Compensation vs Market: Brian's total compensation ($USD11.13M) is above average for companies of similar size in the US market ($USD5.53M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


CEO

Brian Shepherd (57 yo)

5.3yrs
Tenure
US$11,128,580
Compensation

Mr. Brian A. Shepherd serves as Chief Executive Officer, President & Director at CSG Systems International, Inc. since January 01, 2021. Mr. Shepherd served as the Executive Vice President and Group Presid...


Leadership Team

NamePositionTenureCompensationOwnership
Brian Shepherd
CEO, President & Director5.3yrsUS$11.13m2.08%
$ 46.4m
Hai Tran
Executive VP & CFO4.5yrsUS$4.50m0.51%
$ 11.3m
Michael Woods
Executive VP and President of Communicationsno dataUS$3.27m0.19%
$ 4.3m
Rasmani Bhattacharya
Executive VP4.3yrsUS$2.84m0.25%
$ 5.5m
Elizabeth Bauer
Executive VP & Chief Experience Officer4yrsUS$3.24m0.37%
$ 8.2m
Lori Szwanek
Senior VP & Chief Accounting Officer2.7yrsno data0.061%
$ 1.4m
John Rea
SVP, Head of Financeno datano datano data
Patrick Costello
VP & Controllerno datano datano data
Ian Watterson
Head of Asia Pacific8.3yrsno datano data
Sudhansu Panigrahi
India Center Head6.3yrsno datano data
Jim Daley
Head of Americas Broadbandno datano datano data
Chad Dunavant
Executive VP and Chief Product & Strategy Officerno datano data0.18%
$ 4.0m
4.5yrs
Average Tenure
58yo
Average Age

Experienced Management: CSGS's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Shepherd
CEO, President & Director5.3yrsUS$11.13m2.08%
$ 46.4m
David Barnes
Independent Director12.3yrsUS$301.41k0.15%
$ 3.3m
Silvio Tavares
Independent Director6yrsUS$306.41k0.081%
$ 1.8m
Gregory Conley
Independent Director4.6yrsUS$283.41k0.053%
$ 1.2m
Marwan Fawaz
Independent Chairman10.2yrsUS$333.26k0.13%
$ 2.8m
Haiyan Song
Independent Director6.3yrsUS$287.16k0.081%
$ 1.8m
Samantha Greenberg
Independent Director2yrsUS$285.41k0.028%
$ 629.9k
Rajan Naik
Independent Director7.8yrsUS$282.16k0.10%
$ 2.3m
Tse Yang
Independent Director5.3yrsUS$290.41k0.067%
$ 1.5m
Rachel Barger
Independent Director3.8yrsUS$288.48k0.052%
$ 1.2m
5.7yrs
Average Tenure
55yo
Average Age

Experienced Board: CSGS's board of directors are considered experienced (5.7 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 12:28
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CSG Systems International, Inc. is covered by 12 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew HarriganBenchmark Company
Zachary SilverB. Riley Securities, Inc.
Christopher MooreCJS Securities, Inc.