CSG Systems International (NASDAQ:CSGS) Upgraded at StockNews.com

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

Several other equities research analysts have also recently commented on CSGS. Wells Fargo & Company boosted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their target price on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CSG Systems International currently has an average rating of “Buy” and a consensus price target of $62.00.

CSG Systems International Stock Down 1.5 %

CSG Systems International stock opened at $53.76 on Wednesday. The company’s 50 day simple moving average is $51.67 and its 200 day simple moving average is $46.96. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.57 and a beta of 0.86. 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 debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting 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 firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.23%. CSG Systems International’s payout ratio is presently 52.86%.

Institutional Investors Weigh In On CSG Systems International

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC raised its stake 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 purchasing an additional 586 shares in the last quarter. Central Pacific Bank Trust Division raised its position 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 worth $176,000 after acquiring an additional 610 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of CSG Systems International in the 2nd quarter valued at about $243,000. Quantbot Technologies LP acquired a new stake in CSG Systems International in the 3rd quarter valued at about $294,000. Finally, Cornercap Investment Counsel Inc. grew its holdings 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 purchasing an additional 3,001 shares during the period. Institutional investors 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.