CSG Systems International (NASDAQ:CSGS) Lowered 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 research report sent to investors on Thursday morning.

Other equities research analysts also recently issued reports about the stock. Benchmark reissued a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday. Cantor Fitzgerald upped their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. 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 note on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded up $0.33 during trading on Thursday, hitting $56.26. 225,394 shares of the stock were exchanged, compared to its average volume of 268,130. The stock’s fifty day moving average is $47.94 and its 200 day moving average is $45.15. The stock has a market cap of $1.66 billion, a PE ratio of 25.23, a P/E/G ratio of 1.39 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $57.15.

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

CSG Systems International Announces Dividend

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

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently made changes to their positions in the business. LSV Asset Management increased its holdings 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 during the period. Boston Trust Walden Corp increased its holdings 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 during the period. Bank of New York Mellon Corp increased its holdings 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 buying an additional 173,944 shares during the last quarter. Lazard Asset Management LLC increased its holdings in CSG Systems International by 116.2% in the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after buying an additional 28,666 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in CSG Systems International by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after buying an additional 1,644 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.