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 report issued on Thursday.

Several other equities analysts have also weighed in on CSGS. 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. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

CSG Systems International Price Performance

CSGS opened at $51.45 on Thursday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $57.15. The company’s 50 day simple moving average is $52.11 and its 200 day simple moving average is $47.31. The stock has a market capitalization of $1.50 billion, a PE ratio of 22.67, a P/E/G ratio of 1.57 and a beta of 0.86. 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 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The business had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGS. TD Private Client Wealth LLC increased its position 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 during the last quarter. Central Pacific Bank Trust Division grew its stake in CSG Systems International by 20.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in CSG Systems International during the 2nd quarter valued at approximately $243,000. Quantbot Technologies LP purchased a new stake in CSG Systems International during the 3rd quarter worth approximately $294,000. Finally, Cornercap Investment Counsel Inc. raised its position in shares of CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other 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.