CSG Systems International (NASDAQ:CSGS) Stock Rating Lowered by StockNews.com

CSG Systems International (NASDAQ:CSGS) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

A number of other equities analysts also recently weighed in on CSGS. Royal Bank of Canada boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald raised their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Wells Fargo & Company upped their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

CSG Systems International Price Performance

CSG Systems International stock opened at $55.58 on Thursday. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The company’s 50 day moving average price is $48.08 and its two-hundred day moving average price is $45.19. The stock has a market cap of $1.64 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.39 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. During the same period last year, the company posted $0.61 earnings per share. CSG Systems International’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that CSG Systems International will post 3.43 earnings per share for the current year.

Institutional Trading of CSG Systems International

Institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division grew its holdings 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 buying an additional 610 shares in the last quarter. EMC Capital Management increased its holdings in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after acquiring an additional 1,056 shares during the period. BNP Paribas Financial Markets lifted its stake in CSG Systems International by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after purchasing an additional 1,644 shares in the last quarter. SG Americas Securities LLC boosted its holdings in CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its position in shares of CSG Systems International by 39.8% during 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. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.