CSG Systems International (NASDAQ:CSGS) Downgraded to Buy at BidaskClub

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BidaskClub lowered shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a research report released on Tuesday, BidAskClub reports.

CSGS has been the topic of several other reports. B. Riley set a $58.00 target price on shares of CSG Systems International and gave the stock a buy rating in a research note on Friday, August 23rd. ValuEngine lowered shares of CSG Systems International from a buy rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of CSG Systems International from a hold rating to a buy rating and set a $57.00 target price on the stock in a research note on Monday, August 12th. Finally, Sidoti lowered shares of CSG Systems International from a buy rating to a neutral rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $57.50.

Shares of CSGS opened at $52.93 on Tuesday. CSG Systems International has a 1-year low of $30.40 and a 1-year high of $57.20. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $1.75 billion, a PE ratio of 20.28 and a beta of 1.03. The company’s fifty day moving average price is $52.17 and its 200-day moving average price is $47.33.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. CSG Systems International had a net margin of 7.95% and a return on equity of 25.57%. The company had revenue of $245.90 million for the quarter, compared to analyst estimates of $227.60 million. During the same period in the prior year, the company earned $0.73 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that CSG Systems International will post 2.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 12th. CSG Systems International’s payout ratio is currently 34.10%.

Several hedge funds have recently bought and sold shares of CSGS. Foundry Partners LLC boosted its stake in shares of CSG Systems International by 11.0% during the 2nd quarter. Foundry Partners LLC now owns 350,394 shares of the technology company’s stock worth $17,110,000 after acquiring an additional 34,642 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of CSG Systems International by 16.2% during the 1st quarter. Martingale Asset Management L P now owns 163,813 shares of the technology company’s stock worth $6,931,000 after acquiring an additional 22,800 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of CSG Systems International by 11.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 189,675 shares of the technology company’s stock worth $9,261,000 after purchasing an additional 19,213 shares during the last quarter. Seizert Capital Partners LLC raised its position in shares of CSG Systems International by 47.4% during the 2nd quarter. Seizert Capital Partners LLC now owns 57,949 shares of the technology company’s stock worth $2,830,000 after purchasing an additional 18,637 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of CSG Systems International by 1.0% during the 1st quarter. LSV Asset Management now owns 1,550,052 shares of the technology company’s stock worth $65,567,000 after purchasing an additional 15,300 shares during the last quarter. 98.36% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Company Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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