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

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

CSGS has been the subject of several other research reports. Benchmark restated a buy rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Wednesday, August 7th. Cantor Fitzgerald raised their price target on CSG Systems International from $62.00 to $64.00 and gave the company an overweight rating in a report on Thursday, August 8th. Royal Bank of Canada lowered their price objective on CSG Systems International from $61.00 to $52.00 and set an outperform rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on shares of CSG Systems International from $48.00 to $43.00 and set an equal weight rating on the stock in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Buy and an average price target of $58.80.

CSG Systems International Stock Up 2.0 %

Shares of CSGS opened at $46.93 on Tuesday. The company has a market capitalization of $1.38 billion, a P/E ratio of 21.43, a PEG ratio of 1.32 and a beta of 0.82. CSG Systems International has a one year low of $39.56 and a one year high of $55.64. The business’s 50 day simple moving average is $45.57 and its 200-day simple moving average is $45.91. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59.

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

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. CSG Systems International’s dividend payout ratio (DPR) is currently 54.79%.

Institutional Trading of CSG Systems International

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of CSG Systems International in the first quarter worth $190,000. LSV Asset Management grew its position in CSG Systems International by 2.1% in the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares in the last quarter. Quantbot Technologies LP lifted its position in CSG Systems International by 31.8% during the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after buying an additional 4,590 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in shares of CSG Systems International during the 1st quarter worth about $233,000. 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.