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

CSG Systems International (NASDAQ:CSGS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Other research analysts have also issued research reports about the company. Benchmark reaffirmed a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Royal Bank of Canada increased 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, Wells Fargo & Company upped their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Stock Up 0.0 %

CSGS stock opened at $54.06 on Tuesday. The stock has a fifty day moving average of $52.95 and a 200-day moving average of $49.12. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.44 and a beta of 0.88. 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 released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same period in the previous year, the business earned $0.74 EPS. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that CSG Systems International will post 3.44 earnings per share for the current year.

Institutional Trading of CSG Systems International

Hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC raised its stake in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares during the period. Quantbot Technologies LP bought a new stake in shares of CSG Systems International in the 3rd quarter valued at about $294,000. Cornercap Investment Counsel Inc. boosted its holdings in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares during the period. Finally, SG Americas Securities LLC bought a new position in CSG Systems International during the 3rd quarter worth approximately $840,000. Institutional investors 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.