CSG Systems International (NASDAQ:CSGS) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of CSG Systems International (NASDAQ:CSGS – Free Report) from a buy rating to a strong-buy rating in a research report report published on Sunday.

A number of other equities analysts have also commented on CSGS. Wells Fargo & Company cut their price objective on shares of 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. Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $70.71.

Get Our Latest Stock Analysis on CSGS

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $65.95 on Friday. 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 firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.69 and a beta of 0.89. The firm’s fifty day simple moving average is $63.48 and its 200 day simple moving average is $60.02. CSG Systems International has a twelve month low of $39.86 and a twelve month high of $67.60.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, equities research analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. CSG Systems International’s payout ratio is presently 43.69%.

Institutional Trading of CSG Systems International

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

About CSG Systems International

(Get Free Report)

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.

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