Wall Street Zen Downgrades CSG Systems International (NASDAQ:CSGS) to Buy

Wall Street Zen downgraded shares of CSG Systems International (NASDAQ:CSGS - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on CSG Systems International in a report on Friday, February 21st. They issued a "buy" rating and a $75.00 target price on the stock. Finally, Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CSG Systems International currently has an average rating of "Buy" and a consensus price target of $70.71.

CSG Systems International Stock Up 1.6%

CSGS stock traded up $0.99 during trading on Friday, reaching $64.21. 117,298 shares of the stock were exchanged, compared to its average volume of 252,906. The firm's 50 day moving average is $62.89 and its 200 day moving average is $59.62. The firm has a market cap of $1.86 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90. CSG Systems International has a twelve month low of $39.86 and a twelve month high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The company had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. During the same period in the prior year, the firm earned $1.01 earnings per share. CSG Systems International's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's dividend payout ratio (DPR) is currently 43.69%.

Institutional Trading of CSG Systems International

A number of large investors have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in shares of CSG Systems International during the 1st quarter worth $48,000. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 21.3% in the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after buying an additional 373 shares during the period. Praxis Investment Management Inc. purchased a new position in CSG Systems International in the 1st quarter valued at approximately $206,000. SG Americas Securities LLC bought a new stake in shares of CSG Systems International during the 1st quarter valued at $315,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of CSG Systems International by 20.0% during the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after buying an additional 1,064 shares during the period. Hedge funds and other institutional investors own 91.07% of the company's stock.

CSG Systems International Company Profile

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.