CSG Systems International (NASDAQ:CSGS) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a report published on Thursday morning.

CSGS has been the subject of several other reports. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday. Wells Fargo & Company increased their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank of Canada increased their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Stock Performance

CSGS stock traded up $0.33 during midday trading on Thursday, hitting $56.26. 225,394 shares of the company traded hands, compared to its average volume of 268,130. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. The business has a 50 day simple moving average of $47.94 and a 200-day simple moving average of $45.15. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.39 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company had revenue of $290.30 million for the quarter, compared to the consensus estimate of $269.60 million. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.13%. CSG Systems International’s dividend payout ratio is presently 54.05%.

Institutional Investors Weigh In On CSG Systems International

Institutional investors and hedge funds have recently made changes to their positions in the company. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after purchasing an additional 156,222 shares in the last quarter. LSV Asset Management boosted its stake in shares of CSG Systems International by 2.1% in the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CSG Systems International in the 3rd quarter valued at $840,000. Finally, Quantbot Technologies LP raised its holdings in shares of 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. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.