CSG Systems International (NASDAQ:CSGS) Upgraded by Sidoti to “Strong-Buy” Rating

CSG Systems International (NASDAQ:CSGS) was upgraded by equities researchers at Sidoti to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada upped their price target on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price on the stock. StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Cantor Fitzgerald lifted their target price on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CSG Systems International currently has a consensus rating of “Buy” and a consensus price target of $70.71.

CSG Systems International Price Performance

Shares of CSG Systems International stock opened at $64.85 on Monday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 21.33, a PEG ratio of 1.68 and a beta of 0.87. The business has a 50 day simple moving average of $60.74 and a two-hundred day simple moving average of $57.93. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The firm had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. CSG Systems International’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, analysts predict that CSG Systems International will post 3.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the transaction, the director now directly owns 41,561 shares of the company’s stock, valued at $2,768,793.82. The trade was a 17.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently modified their holdings of CSGS. Fuller & Thaler Asset Management Inc. raised its holdings in shares of CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after acquiring an additional 216,128 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CSG Systems International in the fourth quarter worth $4,222,000. LSV Asset Management grew its holdings in shares of CSG Systems International by 6.0% during the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after buying an additional 82,344 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company’s stock valued at $2,296,000 after buying an additional 37,398 shares in the last quarter. 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.