CSG Systems International (NASDAQ:CSGS) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a report published on Saturday.

Several other brokerages have also issued reports on CSGS. Wells Fargo & Company decreased their price target 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. Jefferies Financial Group began coverage on shares of CSG Systems International in a research note on Friday, February 21st. They set a “buy” rating and a $75.00 price target for the company. Finally, Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CSG Systems International currently has a consensus rating of “Buy” and a consensus target price of $70.71.

CSG Systems International Trading Up 1.5%

Shares of CSGS stock opened at $63.22 on Friday. The company has a 50 day moving average of $62.89 and a 200-day moving average of $59.62. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.90. CSG Systems International has a 12-month low of $39.86 and a 12-month high of $67.60. The firm has a market cap of $1.83 billion, a P/E ratio of 21.58, a PEG ratio of 1.61 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The company had revenue of $271.55 million during the quarter, compared to analyst estimates of $274.10 million. During the same quarter last year, the business posted $1.01 EPS. CSG Systems International’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, June 18th. CSG Systems International’s dividend payout ratio (DPR) is presently 43.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas bought a new position in CSG Systems International in the 1st quarter worth approximately $48,000. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 21.3% in the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock valued at $128,000 after purchasing an additional 373 shares during the period. Praxis Investment Management Inc. bought a new position in CSG Systems International in the 1st quarter valued at $206,000. SG Americas Securities LLC bought a new position in CSG Systems International in the 1st quarter valued at $315,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in CSG Systems International by 20.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company’s stock valued at $386,000 after purchasing an additional 1,064 shares during the period. 91.07% of the stock is owned by institutional investors.

CSG Systems International Company Profile

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.