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

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

Other research analysts have also issued reports about the stock. Cantor Fitzgerald boosted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Wednesday, August 7th. Finally, Royal Bank of Canada dropped their price objective on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $58.80.

CSG Systems International Stock Down 1.0 %

CSGS opened at $47.75 on Wednesday. The company has a fifty day moving average price of $47.64 and a 200-day moving average price of $45.12. The firm has a market capitalization of $1.42 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59. CSG Systems International has a one year low of $39.56 and a one year high of $55.64.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Equities research analysts expect that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, September 13th. CSG Systems International’s dividend payout ratio is presently 54.79%.

Institutional Trading of CSG Systems International

Several hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management lifted its stake in CSG Systems International by 2.1% in the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after purchasing an additional 29,723 shares during the last quarter. Boston Trust Walden Corp lifted its stake in CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after purchasing an additional 156,222 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after purchasing an additional 173,944 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after acquiring an additional 28,666 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after acquiring an additional 1,644 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

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.