CSG Systems International (CSGS) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research downgraded shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded CSG Systems International from a hold rating to a sell rating in a report on Saturday, December 30th. Stifel Nicolaus reiterated a buy rating and issued a $47.00 price objective on shares of CSG Systems International in a report on Friday, November 3rd.
Shares of CSG Systems International (NASDAQ:CSGS) opened at $44.79 on Tuesday. CSG Systems International has a 52 week low of $35.48 and a 52 week high of $50.94. The company has a market capitalization of $1,485.76, a price-to-earnings ratio of 22.16 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.97.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $199.20 million during the quarter, compared to the consensus estimate of $194.67 million. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. analysts expect that CSG Systems International will post 2.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were issued a $0.1975 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.79 dividend on an annualized basis and a yield of 1.76%. CSG Systems International’s dividend payout ratio (DPR) is 44.13%.
In other news, insider Rolland B. Johns sold 2,494 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.19, for a total transaction of $110,209.86. Following the completion of the transaction, the insider now directly owns 14,556 shares in the company, valued at $643,229.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald V. Smith sold 8,878 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $44.23, for a total value of $392,673.94. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $884,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock valued at $1,667,195. 2.57% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of CSGS. Pinebridge Investments L.P. increased its holdings in shares of CSG Systems International by 3.9% during the second quarter. Pinebridge Investments L.P. now owns 4,452 shares of the technology company’s stock valued at $180,000 after acquiring an additional 168 shares in the last quarter. Airain ltd bought a new position in shares of CSG Systems International during the second quarter valued at $215,000. Crossmark Global Holdings Inc. bought a new position in shares of CSG Systems International during the third quarter valued at $252,000. Piedmont Investment Advisors LLC bought a new position in shares of CSG Systems International during the second quarter valued at $296,000. Finally, Blair William & Co. IL increased its holdings in shares of CSG Systems International by 0.5% during the second quarter. Blair William & Co. IL now owns 8,600 shares of the technology company’s stock valued at $349,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 90.53% of the company’s stock.
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About CSG Systems International
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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