CSG Systems International, Inc. (CSGS) Receives “Buy” Rating from Stifel Nicolaus
CSG Systems International, Inc. (NASDAQ:CSGS)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research note issued to investors on Friday. They currently have a $47.00 price target on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 7.60% from the stock’s current price.
Several other research analysts have also recently commented on CSGS. BidaskClub cut CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered CSG Systems International from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
CSG Systems International (NASDAQ:CSGS) traded up $1.33 during trading hours on Friday, hitting $43.68. The company had a trading volume of 167,942 shares, compared to its average volume of 107,442. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.44 and a beta of 1.02.
CSG Systems International (NASDAQ:CSGS) last released its quarterly 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 business had revenue of $199.20 million for the quarter, compared to analysts’ expectations of $194.67 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that CSG Systems International will post 2.05 earnings per share for the current year.
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In other news, Director Frank V. Sica sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $37.70, for a total transaction of $113,100.00. Following the completion of the transaction, the director now directly owns 21,550 shares of the company’s stock, valued at $812,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rolland B. Johns sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.07, for a total value of $42,937.93. Following the transaction, the insider now directly owns 16,574 shares of the company’s stock, valued at $647,546.18. The disclosure for this sale can be found here. 2.57% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Foundry Partners LLC grew its holdings in shares of CSG Systems International by 7.5% during the third quarter. Foundry Partners LLC now owns 206,639 shares of the technology company’s stock valued at $8,286,000 after purchasing an additional 14,498 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of CSG Systems International during the third quarter valued at approximately $252,000. First Quadrant L P CA grew its holdings in shares of CSG Systems International by 102.2% during the third quarter. First Quadrant L P CA now owns 41,088 shares of the technology company’s stock valued at $1,648,000 after purchasing an additional 20,767 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of CSG Systems International during the second quarter valued at approximately $296,000. Finally, State Street Corp grew its holdings in shares of CSG Systems International by 12.1% during the second quarter. State Street Corp now owns 872,146 shares of the technology company’s stock valued at $35,389,000 after purchasing an additional 94,287 shares during the last quarter. 90.82% of the stock is owned by institutional investors.
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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