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

CSG Systems International (NASDAQ:CSGS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts have also recently issued reports on the company. Northland Securities raised their price objective on CSG Systems International from $82.00 to $84.00 in a research note on Thursday, August 3rd. Cantor Fitzgerald reduced their price objective on CSG Systems International from $68.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Stifel Nicolaus upgraded CSG Systems International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $60.00 in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company assumed coverage on CSG Systems International in a research note on Thursday, November 9th. They issued an “equal weight” rating and a $49.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and an average price target of $67.33.

CSG Systems International Trading Down 0.4 %

CSG Systems International stock opened at $50.86 on Friday. CSG Systems International has a one year low of $46.19 and a one year high of $69.35. The stock has a market cap of $1.51 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a 50-day moving average of $50.91 and a two-hundred day moving average of $51.53.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lapides Asset Management LLC grew its holdings in CSG Systems International by 0.5% in the second quarter. Lapides Asset Management LLC now owns 39,800 shares of the technology company’s stock valued at $2,099,000 after purchasing an additional 200 shares during the period. Baird Financial Group Inc. grew its holdings in CSG Systems International by 4.5% in the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after purchasing an additional 245 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in CSG Systems International by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,396 shares of the technology company’s stock valued at $548,000 after purchasing an additional 562 shares during the period. Lazard Asset Management LLC grew its holdings in CSG Systems International by 9.2% in the second quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock valued at $370,000 after purchasing an additional 592 shares during the period. Finally, Dean Capital Management grew its holdings in CSG Systems International by 2.8% in the second quarter. Dean Capital Management now owns 23,905 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 660 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

About CSG Systems International

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, etc.