StockNews.com Downgrades CSG Systems International (NASDAQ:CSGS) to Buy

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

CSGS has been the topic of a number of other reports. Royal Bank of Canada cut their price target on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald lifted their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.80.

CSG Systems International Price Performance

CSG Systems International stock traded up $0.53 during midday trading on Tuesday, reaching $49.11. 126,574 shares of the stock were exchanged, compared to its average volume of 271,167. The company’s fifty day moving average is $47.36 and its 200-day moving average is $45.14. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $1.46 billion, a PE ratio of 22.42, a PEG ratio of 1.42 and a beta of 0.82. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $55.64.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $290.30 million during the quarter, compared to analysts’ expectations of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. CSG Systems International’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, sell-side analysts forecast that CSG Systems International will post 3.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in CSG Systems International in the 3rd quarter valued at $840,000. Central Pacific Bank Trust Division grew its holdings in CSG Systems International by 20.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after acquiring an additional 610 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in CSG Systems International during the 2nd quarter worth about $243,000. Bank of New York Mellon Corp boosted its stake in shares of CSG Systems International by 30.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after purchasing an additional 173,944 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after purchasing an additional 156,222 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.