CSG Systems International (CSGS) Raised to Hold at BidaskClub

BidaskClub upgraded shares of CSG Systems International (NASDAQ:CSGS) from a sell rating to a hold rating in a report issued on Friday.

A number of other research analysts have also recently commented on CSGS. Zacks Investment Research raised CSG Systems International from a sell rating to a hold rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a buy rating and set a $47.00 price target on shares of CSG Systems International in a research report on Friday, November 3rd.

Shares of CSG Systems International (NASDAQ CSGS) opened at $44.77 on Friday. CSG Systems International has a 1-year low of $35.48 and a 1-year high of $51.34. The stock has a market capitalization of $1,510.00, a price-to-earnings ratio of 24.87 and a beta of 1.03. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.97.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The business had revenue of $199.20 million for the quarter, compared to analysts’ expectations of $194.67 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. analysts forecast that CSG Systems International will post 2.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th were issued a dividend of $0.1975 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.79 dividend on an annualized basis and a yield of 1.76%. CSG Systems International’s dividend payout ratio (DPR) is 43.89%.

In other CSG Systems International news, EVP Kenneth M. Kennedy sold 1,903 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.68, for a total value of $86,929.04. Following the transaction, the executive vice president now directly owns 43,910 shares in the company, valued at approximately $2,005,808.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald V. Smith sold 8,878 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $44.23, for a total value of $392,673.94. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $884,600. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $1,667,195 in the last three months. 2.57% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. increased its position in shares of CSG Systems International by 3.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,452 shares of the technology company’s stock valued at $180,000 after purchasing an additional 168 shares during the last quarter. Airain ltd purchased a new stake in CSG Systems International during the 2nd quarter valued at about $215,000. Hikari Power Ltd purchased a new stake in CSG Systems International during the 2nd quarter valued at about $217,000. Crossmark Global Holdings Inc. purchased a new stake in CSG Systems International during the 3rd quarter valued at about $252,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in CSG Systems International during the 2nd quarter valued at about $296,000. Institutional investors and hedge funds own 90.53% of the company’s stock.

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About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

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