CSG Systems International (NASDAQ:CSGS) Downgraded by StockNews.com to Buy

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

Several other equities analysts also recently commented on CSGS. Royal Bank of Canada upped their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $51.22 on Thursday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.57 and a beta of 0.86. 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 business has a 50 day simple moving average of $52.17 and a 200-day simple moving average of $47.37. CSG Systems International has a 1 year low of $39.56 and a 1 year 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, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same period last year, the company earned $0.74 earnings per share. CSG Systems International’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that CSG Systems International will post 3.48 EPS for the current year.

Hedge Funds Weigh In On CSG Systems International

Institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC grew its stake in CSG Systems International by 38.0% in 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 in the last quarter. Central Pacific Bank Trust Division grew its position in shares of CSG Systems International by 20.3% during 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. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International during the second quarter valued at $243,000. Quantbot Technologies LP purchased a new position in shares of CSG Systems International during the third quarter valued at $294,000. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of CSG Systems International by 39.8% in the third 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. 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.