CSG Systems International (NASDAQ:CSGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

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. “

CSGS has been the topic of a number of other research reports. Sidoti assumed coverage on shares of CSG Systems International in a research note on Wednesday, August 15th. They set a “buy” rating and a $50.00 target price on the stock. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, BidaskClub cut shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.67.

NASDAQ:CSGS traded down $0.25 during mid-day trading on Monday, reaching $41.62. The stock had a trading volume of 83,200 shares, compared to its average volume of 205,590. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.60 and a beta of 0.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.68 and a quick ratio of 2.68. CSG Systems International has a 12 month low of $36.38 and a 12 month high of $48.82.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $211.45 million. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. analysts anticipate that CSG Systems International will post 2.36 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its stake in shares of CSG Systems International by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after buying an additional 1,400 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of CSG Systems International by 24.7% in the second quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,411 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of CSG Systems International by 202.3% in the first quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock worth $191,000 after purchasing an additional 2,832 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of CSG Systems International by 4.2% in the second quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock worth $3,227,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CSG Systems International in the second quarter worth $272,000. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

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