StockNews.com Upgrades CSG Systems International (NASDAQ:CSGS) to “Strong-Buy”

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

Several other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Wells Fargo & Company increased their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. One equities 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $61.60.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $54.48 on Friday. The business’s 50-day simple moving average is $48.87 and its 200 day simple moving average is $45.42. CSG Systems International has a one year low of $39.56 and a one year high of $57.15. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. During the same quarter last year, the business posted $0.74 EPS. CSG Systems International’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently modified their holdings of CSGS. Boston Trust Walden Corp raised its position in CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after purchasing an additional 156,222 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 acquiring an additional 173,944 shares during the period. Geode Capital Management LLC boosted its holdings in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. Dean Investment Associates LLC increased its position in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after purchasing an additional 28,666 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

About CSG Systems International

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.