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

StockNews.com downgraded shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other equities analysts have also weighed in on CSGS. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Cantor Fitzgerald boosted 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. 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. Finally, Royal Bank of Canada lifted their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $54.82 on Tuesday. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $57.15. The firm has a market capitalization of $1.59 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.57 and a beta of 0.86. 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 company’s fifty day moving average price is $51.05 and its 200 day moving average price is $46.55.

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

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently made changes to their positions in CSGS. Boston Trust Walden Corp grew its position in CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after acquiring an additional 156,222 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of 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 period. Geode Capital Management LLC increased its position in CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Dean Investment Associates LLC raised its holdings 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 valued at $5,801,000 after buying an additional 64,066 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its position in CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after buying an additional 302 shares in 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.