CSG Systems International (NASDAQ:CSGS) Downgraded to “Buy” Rating by StockNews.com

StockNews.com lowered shares of CSG Systems International (NASDAQ:CSGS) from a strong-buy rating to a buy rating in a research note published on Thursday.

Other research analysts have also issued research reports about the company. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.17.

CSG Systems International Stock Up 5.5 %

Shares of NASDAQ:CSGS opened at $65.06 on Thursday. The company’s fifty day moving average is $53.54 and its two-hundred day moving average is $50.23. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $65.53. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. Equities analysts anticipate that CSG Systems International will post 3.44 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is 52.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Independence Bank of Kentucky acquired a new stake in CSG Systems International in the fourth quarter worth about $80,000. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International in the 3rd quarter worth approximately $294,000. Handelsbanken Fonder AB boosted its holdings in shares of CSG Systems International by 15.9% in the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. increased its stake in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

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.