CSG Systems International (NASDAQ:CSGS) Upgraded to "Strong-Buy" at StockNews.com

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS - Free Report) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. Finally, Benchmark reissued a "buy" rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $62.00.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded up $0.75 during trading hours on Wednesday, hitting $58.79. 349,774 shares of the stock were exchanged, compared to its average volume of 228,483. CSG Systems International has a one year low of $39.56 and a one year high of $64.48. The company's 50 day moving average is $53.22 and its 200 day moving average is $49.89. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $1.71 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.60 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $295.14 million during the quarter, compared to analysts' expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, research analysts expect that CSG Systems International will post 3.44 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were paid a $0.30 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. CSG Systems International's payout ratio is 52.86%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors have recently bought and sold shares of CSGS. Wilmington Savings Fund Society FSB lifted its holdings in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock worth $2,423,000 after acquiring an additional 302 shares during the period. TD Private Client Wealth LLC lifted its stake in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division lifted 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 purchasing an additional 610 shares during the period. Willis Investment Counsel boosted its holdings in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after purchasing an additional 668 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock valued at $19,901,000 after purchasing an additional 1,420 shares during the period. 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.