CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of “Buy” from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $50.50.

Several research firms recently issued reports on CSGS. Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. ValuEngine lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub raised CSG Systems International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th.

In related news, Director Donald Reed sold 6,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total transaction of $313,412.00. Following the sale, the director now directly owns 34,868 shares of the company’s stock, valued at approximately $1,607,066.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CSGS. Gresham Partners LLC bought a new position in CSG Systems International during the second quarter valued at about $72,000. O Shaughnessy Asset Management LLC bought a new position in shares of CSG Systems International in the 1st quarter worth about $124,000. Wedge Capital Management L L P NC bought a new position in shares of CSG Systems International in the 1st quarter worth about $212,000. Oak Associates Ltd. OH bought a new position in shares of CSG Systems International in the 1st quarter worth about $222,000. Finally, Raymond James Trust N.A. bought a new position in shares of CSG Systems International in the 1st quarter worth about $223,000. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CSG Systems International stock traded down $0.36 on Friday, hitting $48.46. 168,631 shares of the company’s stock traded hands, compared to its average volume of 175,812. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.67 billion, a PE ratio of 18.57 and a beta of 1.06. CSG Systems International has a 52-week low of $30.40 and a 52-week high of $52.72. The business’s 50-day simple moving average is $49.29.

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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