CSG Systems International (NASDAQ:CSGS) Rating Increased to Strong-Buy at 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 research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on CSGS. Cantor Fitzgerald boosted their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $58.80.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $48.12 on Wednesday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The stock has a market cap of $1.43 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The stock’s 50-day moving average is $47.66 and its 200-day moving average is $45.14.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. Equities research analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after purchasing an additional 1,644 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in CSG Systems International during the first quarter worth about $190,000. LSV Asset Management grew its stake in CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after purchasing an additional 29,723 shares in the last quarter. Quantbot Technologies LP increased its holdings in CSG Systems International by 31.8% in the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after buying an additional 4,590 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in shares of CSG Systems International in the 1st quarter valued at $233,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.