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

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

CSGS has been the topic of several other research reports. Wells Fargo & Company boosted their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.00.

CSG Systems International Stock Down 5.0 %

Shares of CSGS opened at $50.89 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.48 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. The company’s 50-day moving average price is $52.04 and its 200 day moving average price is $47.28. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that CSG Systems International will post 3.48 earnings per share for the current year.

Institutional Trading of CSG Systems International

Several hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its stake in shares of CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 302 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. Dean Investment Associates LLC increased its holdings in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after acquiring an additional 64,066 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of CSG Systems International during the 3rd quarter worth about $866,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.