CSG Systems International (NASDAQ:CSGS) Stock Rating Lowered by Wall Street Zen

CSG Systems International (NASDAQ:CSGS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts have also recently weighed in on CSGS. Oppenheimer cut shares of CSG Systems International to a “market perform” rating in a research report on Wednesday. Wolfe Research started coverage on shares of CSG Systems International in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Northland Capmk cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada cut shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $72.00 to $80.70 in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.96.

CSG Systems International Trading Down 0.5%

Shares of CSG Systems International stock opened at $78.27 on Friday. CSG Systems International has a 12-month low of $46.17 and a 12-month high of $79.20. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.05 and a beta of 0.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $65.84 and its 200-day moving average price is $64.05.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. The firm had revenue of $271.26 million for the quarter, compared to the consensus estimate of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 earnings per share. On average, equities analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of CSG Systems International by 30.9% in the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after purchasing an additional 220 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of CSG Systems International by 0.9% in the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock worth $1,775,000 after purchasing an additional 241 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of CSG Systems International by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company’s stock worth $1,091,000 after purchasing an additional 259 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after purchasing an additional 373 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.

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.