CSG Systems International (NASDAQ:CSGS) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of CSG Systems International (NASDAQ:CSGSFree Report) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

A number of other equities research analysts have also recently weighed in on CSGS. Wells Fargo & Company cut their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group began coverage on shares of CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 price target on the stock. Finally, Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.71.

View Our Latest Stock Report on CSGS

CSG Systems International Price Performance

Shares of CSGS opened at $62.29 on Friday. The stock has a market cap of $1.81 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current ratio of 1.55. CSG Systems International has a fifty-two week low of $39.86 and a fifty-two week high of $67.60. The firm’s 50-day simple moving average is $62.82 and its two-hundred day simple moving average is $59.52.

CSG Systems International (NASDAQ:CSGSGet Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $271.55 million for the quarter, compared to analysts’ expectations of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. Analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International’s payout ratio is 43.69%.

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in CSG Systems International in the first quarter worth approximately $48,000. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after purchasing an additional 373 shares during the last quarter. Praxis Investment Management Inc. purchased a new stake in CSG Systems International in the first quarter worth approximately $206,000. SG Americas Securities LLC purchased a new stake in CSG Systems International in the first quarter worth approximately $315,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company’s stock worth $386,000 after purchasing an additional 1,064 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.