CSG Systems International (NASDAQ:CSGS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “buy” rating and set a $47.00 target price on shares of CSG Systems International in a research note on Friday, November 3rd. Zacks Investment Research raised CSG Systems International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd.

CSG Systems International (NASDAQ:CSGS) traded up $0.08 on Tuesday, reaching $43.90. The company had a trading volume of 98,162 shares, compared to its average volume of 202,890. CSG Systems International has a 1 year low of $35.48 and a 1 year high of $51.34. The firm has a market cap of $1,480.00, a PE ratio of 21.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.56.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 1st. The technology company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The firm had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $194.67 million. During the same period in the previous year, the firm posted $0.75 EPS. CSG Systems International’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that CSG Systems International will post 2.1 EPS for the current year.

In related news, insider Rolland B. Johns sold 2,494 shares of the business’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 of the company’s stock, valued at approximately $643,229.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth M. Kennedy sold 1,903 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.68, for a total value of $86,929.04. Following the transaction, the executive vice president now directly owns 43,910 shares of the company’s stock, valued at $2,005,808.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,622 shares of company stock valued at $1,274,521 over the last three months. 2.57% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of CSG Systems International by 1.3% during the 2nd quarter. LSV Asset Management now owns 1,429,188 shares of the technology company’s stock worth $57,996,000 after acquiring an additional 18,600 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CSG Systems International by 4.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,012,238 shares of the technology company’s stock worth $40,590,000 after acquiring an additional 40,256 shares in the last quarter. State Street Corp boosted its position in shares of CSG Systems International by 12.1% during the 2nd quarter. State Street Corp now owns 872,146 shares of the technology company’s stock worth $35,389,000 after acquiring an additional 94,287 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of CSG Systems International by 88.8% during the 3rd quarter. Schroder Investment Management Group now owns 515,348 shares of the technology company’s stock worth $20,562,000 after acquiring an additional 242,403 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of CSG Systems International by 359.2% during the 2nd quarter. Teachers Advisors LLC now owns 338,291 shares of the technology company’s stock worth $13,728,000 after acquiring an additional 264,627 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

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CSG Systems International Company Profile

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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