CSG Systems International (NASDAQ:CSGS) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a research report report published on Monday.

A number of other equities analysts have also recently issued reports on CSGS. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price target on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $62.00.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $50.79 on Monday. The company has a 50-day moving average of $53.14 and a 200-day moving average of $48.62. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.88. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. Analysts forecast that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. CSG Systems International’s payout ratio is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently made changes to their positions in the business. TD Private Client Wealth LLC boosted its holdings in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division lifted its position in CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at $294,000. Cornercap Investment Counsel Inc. grew its holdings in shares of CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International in the third quarter worth $840,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.