CSG Systems International (NASDAQ:CSGS) Stock Rating Lowered by StockNews.com

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

A number of other equities analysts also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Wells Fargo & Company increased their target price 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. Finally, Royal Bank of Canada boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Price Performance

Shares of CSGS opened at $51.22 on Thursday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.57 and a beta of 0.86. The firm’s fifty day simple moving average is $52.17 and its 200-day simple moving average is $47.41. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same period in the previous year, the business earned $0.74 EPS. CSG Systems International’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts forecast that CSG Systems International will post 3.48 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. CSG Systems International’s payout ratio is 52.86%.

Institutional Trading of CSG Systems International

A number of large investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its stake 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 purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division increased its position in 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 acquiring an additional 610 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in CSG Systems International during the 2nd quarter valued at approximately $243,000. Quantbot Technologies LP acquired a new stake in CSG Systems International during the 3rd quarter worth approximately $294,000. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.