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

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

Several other equities research analysts have also recently commented on CSGS. Royal Bank of Canada boosted their price target 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 reaffirmed a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CSG Systems International presently has an average rating of “Buy” and a consensus target price of $62.00.

View Our Latest Report on CSGS

CSG Systems International Trading Down 0.4 %

CSG Systems International stock opened at $58.04 on Wednesday. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $64.48. 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 stock has a market capitalization of $1.69 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The firm has a 50 day simple moving average of $53.10 and a 200-day simple moving average of $49.68.

CSG Systems International (NASDAQ:CSGSGet Free Report) 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 return on equity of 32.77% and a net margin of 5.52%. The firm had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that CSG Systems International will post 3.44 EPS for the current fiscal year.

Institutional Trading of CSG Systems International

Several institutional investors and hedge funds have recently bought and sold shares of CSGS. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the third quarter worth approximately $840,000. Geode Capital Management LLC boosted its stake in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC grew its position in CSG Systems International by 116.1% during the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Martingale Asset Management L P acquired a new stake in CSG Systems International during the 3rd quarter valued at $866,000. Finally, Quantbot Technologies LP purchased a new stake in shares of CSG Systems International in the third quarter valued at $294,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Company Profile

(Get Free Report)

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.

Further Reading

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