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

CSG Systems International (NASDAQ:CSGSGet Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Other equities analysts have also issued reports about the company. Wells Fargo & Company boosted their target price on 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. Royal Bank of Canada upped their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $62.00.

Get Our Latest Stock Analysis on CSGS

CSG Systems International Stock Performance

Shares of CSGS traded up $0.81 during trading hours on Wednesday, reaching $54.52. 232,880 shares of the company traded hands, compared to its average volume of 263,614. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. 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 stock’s fifty day moving average is $51.52 and its 200 day moving average is $46.91. The stock has a market cap of $1.59 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

CSG Systems International (NASDAQ:CSGSGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting 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 during the quarter, compared to analyst estimates of $283.13 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its position in shares of CSG Systems International by 0.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 302 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division increased its position in shares of 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 valued at $176,000 after acquiring an additional 610 shares during the last quarter. Cornercap Investment Counsel Inc. increased its stake in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

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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