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

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

Several other research firms also recently commented on CSGS. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target 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, Wells Fargo & Company raised 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. One research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $62.00.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $56.44 on Wednesday. The business’s 50 day moving average price is $52.98 and its 200-day moving average price is $49.52. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15. The company has a market cap of $1.64 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.48 and a beta of 0.88. 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 announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts predict that CSG Systems International will post 3.44 earnings per share for the current year.

Institutional Trading of CSG Systems International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after purchasing an additional 88,216 shares during the last quarter. Dean Investment Associates LLC lifted its position in shares of CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after buying an additional 64,066 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of CSG Systems International in the 4th quarter valued at about $1,300,000. Martingale Asset Management L P bought a new stake in shares of CSG Systems International in the 3rd quarter valued at about $866,000. Finally, SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the 3rd quarter worth approximately $840,000. Institutional investors 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.