CSG Systems International (NASDAQ:CSGS) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

CSGS has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Wolfe Research started coverage on shares of CSG Systems International in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Finally, Stifel Nicolaus boosted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and a consensus target price of $71.29.

CSG Systems International Trading Up 0.8%

NASDAQ:CSGS opened at $64.75 on Friday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.69 and a beta of 0.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. The company’s 50 day moving average price is $64.26 and its 200-day moving average price is $63.15. CSG Systems International has a 52 week low of $46.17 and a 52 week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. The business had revenue of $271.26 million for the quarter, compared to analysts’ expectations of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. On average, equities research analysts forecast that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 19th. CSG Systems International’s dividend payout ratio (DPR) is currently 44.29%.

Institutional Trading of CSG Systems International

Several hedge funds have recently bought and sold shares of CSGS. LSV Asset Management raised its stake in shares of CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock worth $88,624,000 after buying an additional 82,344 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in CSG Systems International by 18.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock worth $82,075,000 after acquiring an additional 216,128 shares in the last quarter. Bank of New York Mellon Corp raised its stake in CSG Systems International by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after acquiring an additional 7,908 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in CSG Systems International by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after purchasing an additional 84,240 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of CSG Systems International in the second quarter worth approximately $10,859,000. Institutional investors own 91.07% of the company’s stock.

About CSG Systems International

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.