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

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

A number of other equities research analysts have also issued reports on the company. Benchmark reissued a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of CSG Systems International from $61.00 to $52.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CSG Systems International has an average rating of "Buy" and a consensus price target of $58.80.

CSG Systems International Trading Down 1.0 %

Shares of CSGS stock traded down $0.50 on Wednesday, hitting $47.75. The stock had a trading volume of 156,443 shares, compared to its average volume of 267,432. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64. The company has a fifty day moving average price of $47.64 and a two-hundred day moving average price of $45.12. The firm has a market cap of $1.42 billion, a P/E ratio of 21.80, a PEG ratio of 1.42 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. During the same quarter last year, the firm posted $0.61 earnings per share. CSG Systems International's revenue was up 1.4% compared to the same quarter last year. As a group, analysts forecast that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, September 13th. CSG Systems International's dividend payout ratio (DPR) is presently 54.79%.

Institutional Trading of CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division lifted its position 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. EMC Capital Management lifted its holdings in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company's stock worth $248,000 after purchasing an additional 1,056 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in CSG Systems International by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company's stock valued at $2,399,000 after purchasing an additional 1,644 shares during the period. SG Americas Securities LLC grew its holdings in CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock valued at $187,000 after buying an additional 1,698 shares in the last quarter. Finally, Sciencast Management LP bought a new position in CSG Systems International during the 1st quarter worth $233,000. Institutional investors own 91.07% of the company's stock.

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.