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

CSG Systems International (NASDAQ:CSGS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company raised their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $62.00.

CSG Systems International Price Performance

CSG Systems International stock opened at $54.58 on Wednesday. The stock’s fifty day moving average price is $51.67 and its two-hundred day moving average price is $46.96. CSG Systems International has a one year low of $39.56 and a one year high of $57.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $1.59 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Boston Trust Walden Corp raised its position in CSG Systems International by 18.9% during 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. SG Americas Securities LLC bought a new position in CSG Systems International during the 3rd quarter worth $840,000. Dean Investment Associates LLC raised its position in CSG Systems International by 116.1% during the 3rd 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 last quarter. Bank of New York Mellon Corp raised its position in CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after purchasing an additional 173,944 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in CSG Systems International by 23.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 28,916 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 5,451 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

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.