CSG Systems International (NASDAQ:CSGS) Upgraded at Sidoti

Sidoti upgraded shares of CSG Systems International (NASDAQ:CSGS) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CSGS. Stifel Nicolaus lifted their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price on the stock. Wells Fargo & Company decreased their target price on CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Cantor Fitzgerald lifted their price target on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CSG Systems International currently has an average rating of “Buy” and a consensus price target of $70.71.

CSG Systems International Stock Down 1.4%

Shares of CSG Systems International stock opened at $63.96 on Monday. The business’s fifty day moving average price is $60.80 and its two-hundred day moving average price is $57.97. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The company has a market capitalization of $1.85 billion, a P/E ratio of 21.04, a PEG ratio of 1.68 and a beta of 0.87. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $67.60.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The company had revenue of $271.55 million for the quarter, compared to analysts’ expectations of $274.10 million. During the same period last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.32 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. CSG Systems International’s payout ratio is currently 43.69%.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the sale, the director now owns 41,561 shares of the company’s stock, valued at approximately $2,768,793.82. This trade represents a 17.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas acquired a new stake in shares of CSG Systems International in the first quarter worth about $48,000. Independence Bank of Kentucky acquired a new stake in shares of CSG Systems International in the fourth quarter worth about $80,000. TD Private Client Wealth LLC lifted its position in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after buying an additional 373 shares during the last quarter. Praxis Investment Management Inc. acquired a new stake in shares of CSG Systems International in the first quarter worth about $206,000. Finally, SG Americas Securities LLC acquired a new stake in shares of CSG Systems International in the first quarter worth about $315,000. 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.