CSG Systems International (NASDAQ:CSGS) Downgraded to Buy Rating by StockNews.com

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

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

CSG Systems International Stock Up 2.8 %

NASDAQ:CSGS opened at $61.66 on Thursday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $64.48. 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 firm has a market cap of $1.79 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The company has a 50-day moving average of $53.40 and a 200 day moving average of $50.15.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. As a group, research analysts anticipate that CSG Systems International will post 3.44 EPS for the current fiscal year.

Institutional Trading of CSG Systems International

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in CSG Systems International in the 3rd quarter worth about $840,000. Boston Trust Walden Corp boosted its stake in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after buying an additional 88,216 shares during the last quarter. Geode Capital Management LLC boosted its stake in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after buying an additional 4,903 shares during the last quarter. Dean Investment Associates LLC boosted its stake in CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after buying an additional 64,066 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in CSG Systems International in the 3rd quarter worth about $866,000. Institutional investors and hedge funds 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.