Wall Street Zen Downgrades CSG Systems International (NASDAQ:CSGS) to Buy

by · The Markets Daily

CSG Systems International (NASDAQ:CSGS – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Wolfe Research started coverage on shares of CSG Systems International in a research report on Tuesday, July 8th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.29.

Read Our Latest Stock Report on CSGS

CSG Systems International Trading Up 0.8%

Shares of CSGS stock opened at $64.75 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.69 and a beta of 0.92. CSG Systems International has a 1 year low of $46.17 and a 1 year high of $67.60. The firm has a fifty day moving average price of $64.26 and a 200-day moving average price of $63.18.

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

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the first quarter worth $315,000. Kendall Capital Management increased its holdings in CSG Systems International by 27.7% in the 2nd quarter. Kendall Capital Management now owns 60,335 shares of the technology company’s stock valued at $3,940,000 after acquiring an additional 13,075 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in 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 worth $82,075,000 after purchasing an additional 216,128 shares in the last quarter. LSV Asset Management lifted its stake in 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 worth $88,624,000 after purchasing an additional 82,344 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of CSG Systems International during the 1st quarter valued at about $1,495,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

(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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