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

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

CSGS has been the subject of several other reports. Cantor Fitzgerald upped their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Wednesday, August 7th. Finally, Royal Bank of Canada dropped their target price 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CSG Systems International currently has an average rating of “Moderate Buy” and a consensus target price of $58.80.

CSG Systems International Price Performance

CSG Systems International stock opened at $48.73 on Tuesday. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The business’s 50 day simple moving average is $47.56 and its 200 day simple moving average is $45.18. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.42 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last issued its 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. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The business had revenue of $290.30 million for the quarter, compared to analysts’ expectations of $269.60 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. CSG Systems International’s dividend payout ratio is presently 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently bought and sold shares of the company. Boston Trust Walden Corp increased its holdings in CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after buying an additional 156,222 shares in the last quarter. LSV Asset Management lifted its position in shares of CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after acquiring an additional 29,723 shares during the period. Lazard Asset Management LLC raised its position in shares of CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after purchasing an additional 28,666 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of CSG Systems International during the third quarter valued at $840,000. Finally, Quantbot Technologies LP boosted its stake in shares of CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after acquiring an additional 4,590 shares during 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.