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 to investors on Monday.

A number of other research firms have also recently issued reports on CSGS. Royal Bank of Canada lifted their price target 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. Wells Fargo & Company lifted their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. Finally, Benchmark reissued a "buy" rating and set 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, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CSG Systems International has an average rating of "Buy" and an average price target of $62.00.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded up $0.98 during midday trading on Monday, reaching $50.79. 182,838 shares of the stock were exchanged, compared to its average volume of 195,005. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.57 and a beta of 0.88. The firm has a 50-day simple moving average of $53.14 and a two-hundred day simple moving average of $48.62. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly 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 net margin of 5.52% and a return on equity of 32.77%. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same quarter last year, the business earned $0.74 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. As a group, analysts anticipate that CSG Systems International will post 3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its holdings in shares of CSG Systems International by 38.0% during 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 last quarter. Central Pacific Bank Trust Division increased its stake in CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock worth $176,000 after acquiring an additional 610 shares during the last quarter. Quantbot Technologies LP purchased a new stake in CSG Systems International in the third quarter valued at $294,000. Cornercap Investment Counsel Inc. lifted its stake in shares of 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CSG Systems International during the 3rd quarter worth $840,000. Institutional investors and hedge funds 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.

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