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

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

CSGS has been the topic of several other research reports. Royal Bank of Canada lifted their target price on CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Benchmark reaffirmed a "buy" rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their target price 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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, CSG Systems International has a consensus rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Trading Down 1.0 %

Shares of NASDAQ:CSGS traded down $0.67 during trading on Thursday, reaching $64.39. 365,843 shares of the company were exchanged, compared to its average volume of 292,324. The business's fifty day simple moving average is $53.94 and its 200-day simple moving average is $50.51. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $65.53. The firm has a market capitalization of $1.87 billion, a PE ratio of 21.18, a P/E/G ratio of 1.77 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, research analysts anticipate that CSG Systems International will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's payout ratio is currently 39.47%.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently made changes to their positions in the company. Amundi grew its stake in CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in 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 valued at $2,423,000 after buying an additional 302 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in CSG Systems International by 38.0% in the 3rd 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 period. Willis Investment Counsel raised its position in CSG Systems International by 4.3% during the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock worth $832,000 after buying an additional 668 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in CSG Systems International by 15.9% during the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock worth $410,000 after buying an additional 1,100 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.