CSG Systems International (NASDAQ:CSGS) Rating Lowered to Buy at StockNews.com

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

CSGS has been the topic of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Cantor Fitzgerald raised their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Trading Down 0.6 %

Shares of CSGS opened at $55.58 on Thursday. The stock’s fifty day simple moving average is $48.08 and its 200-day simple moving average is $45.16. The firm has a market capitalization of $1.64 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a return on equity of 33.26% and a net margin of 5.52%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. As a group, research analysts predict that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio is presently 52.86%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division increased its position in shares of CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after acquiring an additional 610 shares in the last quarter. EMC Capital Management boosted its stake in CSG Systems International by 28.1% in the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the period. BNP Paribas Financial Markets increased its holdings in CSG Systems International by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after purchasing an additional 1,644 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of CSG Systems International by 39.8% in the third 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 in the last quarter. Institutional investors 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.