StockNews.com Upgrades CSG Systems International (NASDAQ:CSGS) to Strong-Buy

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a research note released on Monday.

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

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $51.55 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.55 and a beta of 0.86. The stock’s fifty day moving average price is $53.19 and its two-hundred day moving average price is $48.71. CSG Systems International has a one year low of $39.56 and a one year high of $57.15.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The business 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%. CSG Systems International’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. On average, equities analysts forecast that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 2.33%. CSG Systems International’s payout ratio is 52.86%.

Institutional Trading of CSG Systems International

Several institutional investors and hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC grew its position in CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of CSG Systems International during the 3rd quarter valued at approximately $294,000. Cornercap Investment Counsel Inc. increased its position in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after purchasing an additional 3,001 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in CSG Systems International in the third quarter valued at approximately $840,000. 91.07% of the stock is currently owned by institutional investors.

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.