CSG Systems International (NASDAQ:CSGS) Upgraded at Sidoti

CSG Systems International (NASDAQ:CSGS) was upgraded by equities researchers at Sidoti to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group began coverage on CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 price objective on the stock. Stifel Nicolaus raised their target price on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Northland Securities restated an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $70.71.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $64.85 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $67.60. The business has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $57.93. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.68 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. The company had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, sell-side analysts predict that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ronald Cooper sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the transaction, the director now owns 41,561 shares of the company’s stock, valued at $2,768,793.82. This represents a 17.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH increased its stake in shares of CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 1,420 shares during the last quarter. Independence Bank of Kentucky bought a new stake in shares of CSG Systems International in the fourth quarter worth $80,000. Willis Investment Counsel lifted its position in CSG Systems International by 4.3% during the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares in the last quarter. Boston Trust Walden Corp raised its holdings in CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of CSG Systems International in the 4th quarter valued at approximately $1,300,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.