CSG Systems International (NASDAQ:CSGS) Cut to “Hold” at William Blair

William Blair lowered shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other analysts also recently issued reports on CSGS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. Oppenheimer downgraded CSG Systems International to a “market perform” rating in a research report on Wednesday. Wolfe Research assumed coverage on CSG Systems International in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Sidoti downgraded CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target on the stock. in a research report on Wednesday. Finally, Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.96.

CSG Systems International Price Performance

NASDAQ CSGS opened at $78.27 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. The company has a fifty day simple moving average of $65.84 and a 200 day simple moving average of $63.99. The company has a market cap of $2.25 billion, a P/E ratio of 27.08, a P/E/G ratio of 2.05 and a beta of 0.92. CSG Systems International has a 1 year low of $46.17 and a 1 year high of $79.20.

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

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 19th. CSG Systems International’s dividend payout ratio is presently 44.29%.

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds have recently made changes to their positions in the business. LSV Asset Management raised its stake in shares of CSG Systems International by 6.0% in the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after buying an additional 82,344 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of 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 valued at $82,075,000 after buying an additional 216,128 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CSG Systems International by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after buying an additional 7,908 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of CSG Systems International by 28.7% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after buying an additional 84,240 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of CSG Systems International in the 2nd quarter valued at $10,859,000. Institutional investors and hedge funds 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.