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

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

CSGS has been the subject of a number of other research reports. 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 report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Stock Performance

CSGS opened at $54.98 on Tuesday. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.48 and a beta of 0.88. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The company’s 50 day moving average is $52.93 and its 200 day moving average is $49.16.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities research analysts predict that CSG Systems International will post 3.44 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.18%. CSG Systems International’s payout ratio is 52.86%.

Institutional Investors Weigh In On CSG Systems International

Several large investors have recently added to or reduced their stakes in CSGS. Dean Investment Associates LLC boosted its position in shares of CSG Systems International by 116.1% during 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. Martingale Asset Management L P purchased a new position in shares of CSG Systems International during the third quarter valued at $866,000. SG Americas Securities LLC bought a new stake in shares of CSG Systems International in the third quarter valued at about $840,000. Quantbot Technologies LP bought a new stake in shares of CSG Systems International in the 3rd quarter valued at about $294,000. Finally, Geode Capital Management LLC increased its holdings in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after buying an additional 4,903 shares during the period. 91.07% of the stock is owned by institutional investors.

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.