CSG Systems International (NASDAQ:CSGS) Upgraded at StockNews.com

CSG Systems International (NASDAQ:CSGS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.

A number of other equities research analysts have also recently commented on CSGS. Wells Fargo & Company increased their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. 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. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Finally, Benchmark restated a "buy" rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $61.60.

CSG Systems International Trading Down 0.8 %

CSGS stock traded down $0.45 on Friday, reaching $54.03. The company's stock had a trading volume of 75,421 shares, compared to its average volume of 266,913. 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 business has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $45.37. The firm has a market cap of $1.57 billion, a PE ratio of 23.62, a PEG ratio of 1.59 and a beta of 0.82. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business had revenue of $295.14 million for the quarter, compared to analysts' expectations of $283.13 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business's revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that CSG Systems International will post 3.48 EPS for the current year.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in shares of CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock worth $176,000 after buying an additional 610 shares during the period. SG Americas Securities LLC grew its holdings in CSG Systems International by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock worth $187,000 after acquiring an additional 1,698 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in CSG Systems International during the 2nd quarter valued at about $243,000. EMC Capital Management raised its holdings in shares of CSG Systems International by 28.1% in the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company's stock valued at $248,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of CSG Systems International in the 3rd quarter worth approximately $294,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.