CSG Systems International, Inc. (NASDAQ:CSGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “

Several other research analysts also recently weighed in on CSGS. BidaskClub downgraded CSG Systems International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $47.00 price objective on shares of CSG Systems International in a report on Monday, July 10th.

CSG Systems International (NASDAQ:CSGS) traded down 0.46% during midday trading on Thursday, hitting $38.54. The company had a trading volume of 224,940 shares. CSG Systems International has a 52-week low of $35.48 and a 52-week high of $51.34. The stock has a market cap of $1.25 billion, a PE ratio of 20.28 and a beta of 1.09. The stock’s 50-day moving average price is $40.52 and its 200-day moving average price is $39.58.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to the consensus estimate of $194.58 million. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. CSG Systems International’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. On average, equities research analysts expect that CSG Systems International will post $2.52 EPS for the current fiscal year.

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In related news, Director Frank V. Sica sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total transaction of $113,100.00. Following the completion of the sale, the director now directly owns 21,550 shares of the company’s stock, valued at approximately $812,435. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald Reed sold 5,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.53, for a total transaction of $207,650.00. Following the sale, the director now directly owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,099 shares of company stock valued at $363,688. Insiders own 2.57% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of CSG Systems International during the second quarter worth $296,000. State Street Corp boosted its stake in shares of CSG Systems International by 12.1% in the second quarter. State Street Corp now owns 872,146 shares of the technology company’s stock worth $35,389,000 after buying an additional 94,287 shares during the period. Prudential PLC acquired a new stake in shares of CSG Systems International during the second quarter worth $8,173,000. Parametric Portfolio Associates LLC boosted its stake in shares of CSG Systems International by 12.7% in the second quarter. Parametric Portfolio Associates LLC now owns 119,399 shares of the technology company’s stock worth $4,845,000 after buying an additional 13,441 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of CSG Systems International by 19.9% in the second quarter. California Public Employees Retirement System now owns 17,500 shares of the technology company’s stock worth $710,000 after buying an additional 2,900 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

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