CSG Systems International (NASDAQ:CSGS) Cut to “Buy” at StockNews.com

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

Several other research firms have also weighed in on CSGS. Benchmark reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.00.

CSG Systems International Stock Up 1.5 %

Shares of NASDAQ:CSGS opened at $52.85 on Tuesday. The firm has a 50 day simple moving average of $52.99 and a 200 day simple moving average of $49.02. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $1.54 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business 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 32.77% and a net margin of 5.52%. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. As a group, research analysts expect that CSG Systems International will post 3.47 earnings per share for the current year.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently modified their holdings of CSGS. Wilmington Savings Fund Society FSB lifted its position in CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 302 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its holdings in 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 valued at $176,000 after purchasing an additional 610 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after buying an additional 1,420 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after acquiring an additional 3,001 shares in the last quarter. 91.07% of the stock is currently 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.