Zacks Investment Research upgraded shares of CSG Systems International (NASDAQ:CSGS – Get Rating) from a hold rating to a buy rating in a research report report published on Tuesday, Zacks.com reports. Zacks Investment Research currently has $65.00 target price on the technology company’s stock.
According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “
Separately, StockNews.com raised shares of CSG Systems International from a buy rating to a strong-buy rating in a report on Friday, May 6th.
In other news, CAO David Neil Schaaf sold 1,500 shares of CSG Systems International stock in a transaction on Friday, February 25th. The shares were sold at an average price of $61.53, for a total value of $92,295.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.35% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in shares of CSG Systems International by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 79,482 shares of the technology company’s stock valued at $5,053,000 after acquiring an additional 200 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of CSG Systems International by 5.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,683 shares of the technology company’s stock worth $298,000 after purchasing an additional 223 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of CSG Systems International during the 4th quarter worth $39,000. Loomis Sayles & Co. L P boosted its position in shares of CSG Systems International by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 210,112 shares of the technology company’s stock worth $12,107,000 after purchasing an additional 708 shares in the last quarter. Finally, Kendall Capital Management boosted its position in shares of CSG Systems International by 1.6% during the 1st quarter. Kendall Capital Management now owns 57,495 shares of the technology company’s stock worth $3,655,000 after purchasing an additional 925 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.
About CSG Systems International (Get Rating)
CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc.
- Get a free copy of the StockNews.com research report on CSG Systems International (CSGS)
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