CSG Systems International (NASDAQ:CSGS) Stock Rating Upgraded by StockNews.com

CSG Systems International (NASDAQ:CSGS) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

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

CSG Systems International Stock Performance

CSGS opened at $56.44 on Wednesday. The company has a market cap of $1.64 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $52.98 and its 200-day moving average price is $49.52. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $57.15.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the prior year, the business posted $0.74 EPS. CSG Systems International’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that CSG Systems International will post 3.44 EPS for the current fiscal year.

Institutional Trading of CSG Systems International

Several hedge funds and other institutional investors have recently bought and sold shares of CSGS. Advisors Preferred LLC purchased a new stake in CSG Systems International in the 4th quarter worth approximately $1,300,000. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares during the period. Willis Investment Counsel boosted its holdings in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in CSG Systems International during the fourth quarter valued at $80,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after buying an additional 1,420 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.