StockNews.com Upgrades CSG Systems International (NASDAQ:CSGS) to “Strong-Buy”

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

CSGS has been the subject of several other reports. Wells Fargo & Company boosted their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Cantor Fitzgerald upped their target price 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CSG Systems International has a consensus rating of “Buy” and an average target price of $61.60.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $53.92 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.57 and a beta of 0.82. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50-day moving average of $48.87 and a two-hundred day moving average of $45.40.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts anticipate that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Institutional Trading of CSG Systems International

Institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC lifted its holdings 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 valued at $104,000 after purchasing an additional 586 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in 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 valued at $176,000 after buying an additional 610 shares during the last quarter. EMC Capital Management lifted its stake 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 buying an additional 1,056 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,698 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its position 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 acquiring an additional 3,001 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.