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

StockNews.com cut shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a report released on Thursday morning.

A number of other research analysts have also recently commented on the company. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Stock Up 5.5 %

CSGS opened at $65.06 on Thursday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $65.53. The firm has a 50 day moving average price of $53.54 and a 200 day moving average price of $50.23. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $1.89 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. Sell-side analysts expect that CSG Systems International will post 3.44 earnings per share for the current year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.97%. CSG Systems International’s payout ratio is currently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB increased its stake in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after buying an additional 302 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares in the last quarter. Willis Investment Counsel increased its position in shares of CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after purchasing an additional 668 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of CSG Systems International by 0.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 1,420 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.