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

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

CSGS has been the subject of several other research reports. Wells Fargo & Company boosted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Royal Bank of Canada increased their target price on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report 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. According to data from MarketBeat.com, CSG Systems International has a consensus rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Stock Down 0.4 %

Shares of CSG Systems International stock opened at $58.04 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $64.48. The business has a 50-day moving average of $53.10 and a 200-day moving average of $49.68. The company has a market capitalization of $1.69 billion, a PE ratio of 25.57, a P/E/G ratio of 1.48 and a beta of 0.88.

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

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGS. Wilmington Savings Fund Society FSB increased its stake in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 302 shares during the period. TD Private Client Wealth LLC boosted its position 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 buying an additional 586 shares during the period. Central Pacific Bank Trust Division grew its holdings 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. Willis Investment Counsel increased its position in CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after acquiring an additional 668 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 1,420 shares in the last quarter. 91.07% of the stock is currently 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.