CSG Systems International (NASDAQ:CSGS) Raised to Strong-Buy at StockNews.com

CSG Systems International (NASDAQ:CSGS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

CSGS has been the subject of a number of other research reports. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald boosted their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $58.80.

CSG Systems International Trading Up 0.1 %

CSGS stock opened at $48.25 on Wednesday. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $47.62 and its two-hundred day simple moving average is $45.10.

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

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the third quarter worth about $840,000. Central Pacific Bank Trust Division increased its stake in shares of CSG Systems International by 20.3% in 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 during the period. Stoneridge Investment Partners LLC acquired a new position in CSG Systems International during the second quarter valued at $243,000. Bank of New York Mellon Corp lifted its position in CSG Systems International by 30.5% during the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after purchasing an additional 173,944 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in CSG Systems International by 18.9% in the second 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 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.