CSG Systems International, Inc. (NASDAQ:CSGS)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a report issued on Friday. They presently have a $47.00 price objective on the technology company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 7.60% from the stock’s current price.

Several other brokerages have also weighed in on CSGS. Zacks Investment Research upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

CSG Systems International (CSGS) traded up $1.33 during mid-day trading on Friday, reaching $43.68. The company’s stock had a trading volume of 236,914 shares, compared to its average volume of 107,442. The stock has a market cap of $1.51 billion, a P/E ratio of 22.44 and a beta of 1.02.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. CSG Systems International had a net margin of 7.57% and a return on equity of 22.11%. The company had revenue of $199.20 million for the quarter, compared to analyst estimates of $194.67 million. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities analysts predict that CSG Systems International will post 2.05 EPS for the current fiscal year.

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In other news, Director Frank V. Sica sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the sale, the director now directly owns 21,550 shares in the company, valued at $812,435. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.07, for a total transaction of $42,937.93. Following the completion of the sale, the insider now owns 16,574 shares in the company, valued at $647,546.18. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CSGS. OppenheimerFunds Inc. grew its position in shares of CSG Systems International by 54.9% in the first quarter. OppenheimerFunds Inc. now owns 15,301 shares of the technology company’s stock valued at $579,000 after purchasing an additional 5,425 shares during the last quarter. Teachers Advisors LLC grew its position in shares of CSG Systems International by 3.3% in the first quarter. Teachers Advisors LLC now owns 73,664 shares of the technology company’s stock valued at $2,785,000 after purchasing an additional 2,345 shares during the last quarter. California Public Employees Retirement System grew its position in shares of CSG Systems International by 32.7% in the first quarter. California Public Employees Retirement System now owns 14,600 shares of the technology company’s stock valued at $552,000 after purchasing an additional 3,600 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of CSG Systems International by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,590 shares of the technology company’s stock valued at $703,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of CSG Systems International by 13.7% in the first quarter. Geode Capital Management LLC now owns 448,882 shares of the technology company’s stock valued at $16,972,000 after purchasing an additional 54,141 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

About CSG Systems International

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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