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

CSG Systems International (NASDAQ:CSGSGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th.

Shares of NASDAQ CSGS traded up $0.66 during mid-day trading on Friday, hitting $61.50. 162,347 shares of the stock traded hands, compared to its average volume of 257,113. The company has a market cap of $1.99 billion, a PE ratio of 33.61 and a beta of 0.78. CSG Systems International has a twelve month low of $42.58 and a twelve month high of $65.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $61.82 and a two-hundred day simple moving average of $59.15.

CSG Systems International (NASDAQ:CSGSGet Rating) last posted its earnings results on Wednesday, May 4th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The firm had revenue of $246.36 million during the quarter, compared to the consensus estimate of $251.90 million. CSG Systems International had a return on equity of 20.67% and a net margin of 5.56%. On average, equities research analysts anticipate that CSG Systems International will post 3.13 earnings per share for the current fiscal year.

In related news, COO Kenneth M. Kennedy sold 9,885 shares of CSG Systems International stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $58.06, for a total value of $573,923.10. Following the transaction, the chief operating officer now directly owns 165,274 shares of the company’s stock, valued at $9,595,808.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.35% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CSGS. Retirement Planning Co of New England Inc. acquired a new position in CSG Systems International in the fourth quarter valued at approximately $39,000. Bellwether Advisors LLC bought a new stake in shares of CSG Systems International in the 1st quarter valued at $66,000. US Asset Management LLC acquired a new position in shares of CSG Systems International during the 1st quarter valued at $72,000. Crossmark Global Holdings Inc. bought a new position in CSG Systems International during the first quarter worth $212,000. Finally, Everence Capital Management Inc. acquired a new stake in CSG Systems International in the fourth quarter worth $219,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

CSG Systems International Company Profile (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.

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