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 report released on Wednesday.

Several other research firms also recently weighed in on CSGS. Wells Fargo & Company upped their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada raised their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $62.00.

CSG Systems International Price Performance

NASDAQ CSGS opened at $58.29 on Wednesday. The company has a 50-day moving average price of $53.02 and a two-hundred day moving average price of $49.62. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $64.48. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $283.13 million. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts forecast that CSG Systems International will post 3.44 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in the business. Independence Bank of Kentucky bought a new stake in shares of CSG Systems International in the 4th quarter worth approximately $80,000. TD Private Client Wealth LLC grew its position 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 buying an additional 586 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after buying an additional 610 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at $294,000. Finally, Cornercap Investment Counsel Inc. lifted its position in shares of CSG Systems International by 39.8% during the 3rd 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 during the last quarter. 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.