CSG Systems International (NASDAQ:CSGS) Downgraded by Sidoti to Hold

CSG Systems International (NASDAQ:CSGS) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $81.00 target price on the technology company’s stock. Sidoti’s price target would indicate a potential upside of 3.01% from the stock’s previous close.

CSGS has been the topic of several other reports. Wall Street Zen downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Stifel Nicolaus lifted their target price on CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wolfe Research assumed coverage on CSG Systems International in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Benchmark downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Oppenheimer downgraded CSG Systems International to a “market perform” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, CSG Systems International has a consensus rating of “Hold” and an average target price of $73.96.

CSG Systems International Trading Down 0.1%

CSGS opened at $78.63 on Wednesday. The business has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $63.86. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. CSG Systems International has a one year low of $46.17 and a one year high of $79.20.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.12. The firm had revenue of $271.26 million for the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. Analysts predict that CSG Systems International will post 3.83 EPS for the current year.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds have recently made changes to their positions in CSGS. Covestor Ltd lifted its position in shares of CSG Systems International by 30.9% in the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after buying an additional 129 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after buying an additional 220 shares in the last quarter. 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 in the last quarter. Jump Financial LLC purchased a new stake in CSG Systems International during the second quarter valued at approximately $240,000. Finally, Harbor Capital Advisors Inc. raised its position in CSG Systems International by 16.8% during the second quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock valued at $487,000 after purchasing an additional 1,071 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.