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

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

CSGS has been the topic of several other reports. Wells Fargo & Company increased their price target on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Cantor Fitzgerald boosted their price objective on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $61.60.

CSG Systems International Trading Down 1.5 %

Shares of NASDAQ CSGS opened at $54.48 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a 50-day moving average of $48.56 and a 200 day moving average of $45.31. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $57.15. The stock has a market cap of $1.58 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter in the previous year, the business posted $0.74 EPS. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that CSG Systems International will post 3.48 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 made changes to their positions in CSGS. Bank of New York Mellon Corp lifted its stake in CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after acquiring an additional 173,944 shares during the period. Boston Trust Walden Corp lifted its position in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after purchasing an additional 156,222 shares during the period. Delphi Management Inc. MA bought a new position in shares of CSG Systems International during the first quarter valued at approximately $1,599,000. Lazard Asset Management LLC increased its holdings in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after buying an additional 28,666 shares during the period. Finally, Martingale Asset Management L P bought a new position in CSG Systems International in the third quarter worth approximately $866,000. Institutional investors 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.