CSG Systems International (NASDAQ:CSGS) Upgraded at StockNews.com

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

CSGS has been the topic of several other research reports. Wells Fargo & Company cut their target price on CSG Systems International from $48.00 to $43.00 and set an equal weight rating on the stock in a research note on Tuesday, June 4th. Benchmark restated a buy rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Wednesday, August 7th. Cantor Fitzgerald increased their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an overweight rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada dropped 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 report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CSG Systems International presently has a consensus rating of Buy and an average target price of $58.80.

CSG Systems International Stock Performance

Shares of CSGS opened at $46.02 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $55.64. The firm has a fifty day moving average of $45.43 and a 200-day moving average of $45.95. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The firm had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. During the same period in the previous year, the business posted $0.61 EPS. CSG Systems International’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is presently 54.79%.

Hedge Funds Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after purchasing an additional 14,682 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of CSG Systems International during the 1st quarter worth $190,000. LSV Asset Management boosted its stake in shares of 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 acquiring an additional 29,723 shares in the last quarter. Quantbot Technologies LP raised its position in shares of CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after purchasing an additional 4,590 shares during the period. Finally, Sciencast Management LP purchased a new stake in shares of CSG Systems International during the first quarter valued at $233,000. Institutional investors own 91.07% of the company’s stock.

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.