CSG Systems International (NASDAQ:CSGS) Downgraded by Wall Street Zen to “Buy”

CSG Systems International (NASDAQ:CSGS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on CSG Systems International in a research report on Friday, February 21st. They set a “buy” rating and a $75.00 price target for the company. Finally, Sidoti upgraded CSG Systems International to a “strong-buy” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $70.71.

CSG Systems International Price Performance

CSGS opened at $62.29 on Friday. CSG Systems International has a 12-month low of $39.86 and a 12-month high of $67.60. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90. The business’s fifty day simple moving average is $62.82 and its 200-day simple moving average is $59.49. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.64 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The company had revenue of $271.55 million for the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. On average, equities research analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of CSG Systems International by 1.2% in the 1st quarter. Rhumbline Advisers now owns 79,976 shares of the technology company’s stock valued at $4,836,000 after purchasing an additional 948 shares during the period. Uniplan Investment Counsel Inc. acquired a new stake in shares of CSG Systems International in the 1st quarter valued at about $1,886,000. Martingale Asset Management L P boosted its position in shares of CSG Systems International by 31.4% in the 1st quarter. Martingale Asset Management L P now owns 30,860 shares of the technology company’s stock valued at $1,866,000 after purchasing an additional 7,368 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of CSG Systems International by 18.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after purchasing an additional 216,128 shares during the period. Finally, LSV Asset Management boosted its position in shares of CSG Systems International by 6.0% in the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after purchasing an additional 82,344 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

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.