CSG Systems International (NASDAQ:CSGS) Stock Rating Upgraded by StockNews.com

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

Several other brokerages also recently commented on CSGS. Royal Bank of Canada reduced their target price on shares of CSG Systems International from $61.00 to $52.00 and set an outperform rating for the company in a report on Thursday, August 8th. Benchmark reiterated a buy rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on shares of CSG Systems International from $48.00 to $43.00 and set an equal weight rating for the company in a research report on Tuesday, June 4th. Finally, Cantor Fitzgerald lifted their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an overweight rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and an average price target of $58.80.

CSG Systems International Stock Up 2.0 %

CSG Systems International stock opened at $46.93 on Tuesday. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $55.64. The firm has a market capitalization of $1.38 billion, a PE ratio of 21.43, a P/E/G ratio of 1.32 and a beta of 0.82. The company’s 50-day moving average is $45.57 and its 200-day moving average is $45.91. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data 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 return on equity of 33.18% and a net margin of 5.53%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Sell-side analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

Institutional Investors Weigh In On CSG Systems International

A number of large investors have recently modified their holdings of CSGS. SG Americas Securities LLC grew its holdings in shares of CSG Systems International by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of CSG Systems International in the 1st quarter valued at $190,000. Sciencast Management LP acquired a new stake in shares of CSG Systems International during the 1st quarter valued at $233,000. Stoneridge Investment Partners LLC bought a new stake in CSG Systems International during the 2nd quarter worth $243,000. Finally, EMC Capital Management raised its position in CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after purchasing an additional 1,056 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.