CSG Systems International (CSGS) Stock Rating Upgraded by BidaskClub

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

Several other brokerages have also recently commented on CSGS. Zacks Investment Research cut CSG Systems International from a strong-buy rating to a hold rating in a research report on Tuesday, January 2nd. Stifel Nicolaus restated a buy rating and issued a $47.00 target price on shares of CSG Systems International in a report on Friday, November 3rd.

Shares of CSG Systems International (NASDAQ CSGS) opened at $43.98 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.56 and a current ratio of 2.56. CSG Systems International has a 12-month low of $35.48 and a 12-month high of $46.71. The company has a market capitalization of $1,474.03, a P/E ratio of 21.99 and a beta of 1.00.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.03). CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The firm had revenue of $205.20 million for the quarter, compared to analysts’ expectations of $199.21 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts predict that CSG Systems International will post 2.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a $0.21 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.91%. CSG Systems International’s dividend payout ratio is presently 44.13%.

In other CSG Systems International news, insider Rolland B. Johns sold 2,494 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $44.19, for a total value of $110,209.86. Following the completion of the sale, the insider now directly owns 14,556 shares in the company, valued at approximately $643,229.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald Cooper sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $44.72, for a total value of $223,600.00. Following the completion of the sale, the director now owns 29,768 shares of the company’s stock, valued at $1,331,224.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $1,667,195. 2.57% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in CSG Systems International by 3.3% in the 3rd quarter. Rhumbline Advisers now owns 71,299 shares of the technology company’s stock valued at $2,859,000 after buying an additional 2,307 shares in the last quarter. Schroder Investment Management Group grew its holdings in CSG Systems International by 88.8% in the 3rd quarter. Schroder Investment Management Group now owns 515,348 shares of the technology company’s stock valued at $20,562,000 after buying an additional 242,403 shares in the last quarter. Foundry Partners LLC grew its holdings in CSG Systems International by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 206,639 shares of the technology company’s stock valued at $8,286,000 after buying an additional 14,498 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in CSG Systems International by 12.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 119,399 shares of the technology company’s stock valued at $4,845,000 after buying an additional 13,441 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in CSG Systems International by 4.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,012,238 shares of the technology company’s stock valued at $40,590,000 after buying an additional 40,256 shares in the last quarter. Institutional investors own 91.78% 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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