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

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

Other analysts have also issued research reports about the company. Wells Fargo & Company upped their price objective 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 boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, CSG Systems International currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $51.45 on Thursday. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15. The firm has a market capitalization of $1.50 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. The stock’s fifty day moving average is $52.11 and its two-hundred day moving average is $47.31. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. On average, research analysts anticipate that CSG Systems International will post 3.48 earnings per share 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. Shareholders of record on Wednesday, December 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its position in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of 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 valued at $176,000 after acquiring an additional 610 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in CSG Systems International in the 2nd quarter valued at about $243,000. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the 3rd quarter worth about $294,000. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of 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 buying an additional 3,001 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.