CSG Systems International (NASDAQ:CSGS) Stock Rating Upgraded by StockNews.com

CSG Systems International (NASDAQ:CSGSGet Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

A number of other research firms have also issued reports on CSGS. Wells Fargo & Company lifted their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International has an average rating of “Buy” and an average target price of $62.00.

Get Our Latest Research Report on CSGS

CSG Systems International Trading Up 2.0 %

NASDAQ:CSGS traded up $0.98 during trading hours on Monday, reaching $50.79. 182,838 shares of the stock were exchanged, compared to its average volume of 195,005. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The business has a 50-day moving average of $53.14 and a two-hundred day moving average of $48.62. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.57 and a beta of 0.88. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGSGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts predict that CSG Systems International will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSGS. TD Private Client Wealth LLC grew its holdings in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its holdings in CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares in the last quarter. Quantbot Technologies LP acquired a new position in CSG Systems International during the third quarter worth about $294,000. Cornercap Investment Counsel Inc. increased its holdings in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at approximately $840,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Company Profile

(Get Free Report)

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.

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