CSG Systems International (NASDAQ:CSGS) Hits New 12-Month Low on Analyst Downgrade

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) hit a new 52-week low on Tuesday after Wells Fargo & Company lowered their price target on the stock from $48.00 to $43.00. Wells Fargo & Company currently has an equal weight rating on the stock. CSG Systems International traded as low as $41.17 and last traded at $41.19, with a volume of 238775 shares changing hands. The stock had previously closed at $42.31.

Several other research analysts also recently weighed in on the company. Cantor Fitzgerald dropped their target price on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada began coverage on CSG Systems International in a research note on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.67.

Read Our Latest Stock Analysis on CSGS

Institutional Trading of CSG Systems International

A number of hedge funds have recently modified their holdings of CSGS. Boston Trust Walden Corp raised its holdings in CSG Systems International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the period. Bahl & Gaynor Inc. raised its holdings in CSG Systems International by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock worth $27,070,000 after purchasing an additional 24,385 shares during the period. LSV Asset Management raised its holdings in CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after purchasing an additional 134,531 shares during the period. BNP Paribas Financial Markets raised its holdings in CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 14,682 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in CSG Systems International in the 1st quarter worth about $190,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Down 2.6 %

The company has a market cap of $1.22 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.31 and a beta of 0.83. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.98. The business has a fifty day moving average of $45.88 and a two-hundred day moving average of $49.94.

CSG Systems International (NASDAQ:CSGSGet Free Report) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The business had revenue of $270.07 million during the quarter, compared to analysts’ expectations of $271.66 million. As a group, equities analysts anticipate that CSG Systems International, Inc. will post 3.29 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. CSG Systems International’s payout ratio is currently 54.79%.

CSG Systems International Company Profile

(Get Free Report)

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.

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