CSG Systems International (NASDAQ:CSGS) Downgraded by Wall Street Zen 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.

CSGS has been the topic of a number of other reports. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Wells Fargo & Company lowered their target price on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group assumed coverage on CSG Systems International in a research note on Friday, February 21st. They set a "buy" rating and a $75.00 price target for the company. One investment 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, the company currently has an average rating of "Buy" and a consensus target price of $70.71.

CSG Systems International Stock Down 1.7%

CSG Systems International stock traded down $1.10 during midday trading on Friday, reaching $62.29. The stock had a trading volume of 449,340 shares, compared to its average volume of 253,677. The company has a fifty day moving average price of $62.82 and a two-hundred day moving average price of $59.52. CSG Systems International has a 12 month low of $39.86 and a 12 month high of $67.60. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $1.81 billion, a P/E ratio of 21.26, a PEG ratio of 1.61 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, beating 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 firm had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. During the same quarter last year, the firm posted $1.01 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts expect that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's payout ratio is currently 43.69%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new position in shares of CSG Systems International in the 4th quarter worth approximately $4,222,000. GAMMA Investing LLC lifted its holdings in CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock worth $2,296,000 after acquiring an additional 37,398 shares during the period. River Road Asset Management LLC lifted its holdings in CSG Systems International by 18.7% during the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after acquiring an additional 16,519 shares during the period. Martingale Asset Management L P boosted its position in CSG Systems International by 32.0% in the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock worth $1,201,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Amundi grew its stake in CSG Systems International by 1.0% in the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 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.