StockNews.com downgraded shares of CSG Systems International (NASDAQ:CSGS - Free Report) from a strong-buy rating to a buy rating in a report issued on Thursday morning.
CSGS has been the topic of several other reports. Royal Bank of Canada boosted 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 report on Thursday, November 7th. Wells Fargo & Company increased their price objective on 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. Finally, Benchmark reissued a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.
Get Our Latest Analysis on CSG Systems International
CSG Systems International Price Performance
CSGS traded up $0.56 during midday trading on Thursday, reaching $51.45. 203,283 shares of the company's stock were exchanged, compared to its average volume of 261,349. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The stock has a market capitalization of $1.50 billion, a PE ratio of 22.67, a P/E/G ratio of 1.57 and a beta of 0.86. The business's 50-day moving average price is $52.04 and its 200 day moving average price is $47.28.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. CSG Systems International's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. As a group, equities analysts anticipate that CSG Systems International will post 3.48 EPS for the current fiscal year.
CSG Systems International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. CSG Systems International's payout ratio is 52.86%.
Institutional Investors Weigh In On CSG Systems International
A number of hedge funds and other institutional investors have recently bought and sold shares of CSGS. Bank of New York Mellon Corp increased its position in CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company's stock valued at $30,665,000 after buying an additional 173,944 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in CSG Systems International in the second quarter valued at approximately $243,000. Central Pacific Bank Trust Division boosted its stake in CSG Systems International by 20.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock worth $176,000 after purchasing an additional 610 shares during the period. SG Americas Securities LLC acquired a new position in CSG Systems International in the 3rd quarter valued at $840,000. Finally, Cornercap Investment Counsel Inc. increased its stake in CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company's stock valued at $513,000 after purchasing an additional 3,001 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.
About CSG Systems International
(
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.
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