CSG Systems International (NASDAQ:CSGS) Upgraded by StockNews.com to “Strong-Buy” Rating

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

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CSG Systems International currently has a consensus rating of “Buy” and an average target price of $62.00.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS opened at $58.29 on Wednesday. The company has a market cap of $1.70 billion, a P/E ratio of 25.68, a PEG ratio of 1.48 and a beta of 0.88. CSG Systems International has a one year low of $39.56 and a one year high of $64.48. The business’s 50-day simple moving average is $53.02 and its 200 day simple moving average is $49.62. 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 (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. On average, sell-side analysts forecast that CSG Systems International will post 3.44 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.06%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds have recently bought and sold shares of CSGS. Polaris Capital Management LLC lifted its holdings in CSG Systems International by 10.7% during the 4th quarter. Polaris Capital Management LLC now owns 33,000 shares of the technology company’s stock worth $1,687,000 after buying an additional 3,200 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of CSG Systems International during the 4th quarter valued at approximately $1,300,000. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after acquiring an additional 88,216 shares in the last quarter. Willis Investment Counsel lifted its stake in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after purchasing an additional 668 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new position in CSG Systems International in the fourth quarter worth $80,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.