CSG Systems International (NASDAQ:CSGS) Downgraded to Buy Rating by Wall Street Zen

Key Points

• CSG Systems International has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.
• Stifel Nicolaus recently raised their target price for CSG Systems shares from $66.00 to $70.00, while the average target price across analysts is $71.29.
• The company reported earnings of $1.16 per share for the last quarter, exceeding analysts' expectations, with a revenue of $271.26 million.

CSG Systems International (NASDAQ:CSGS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Several other research firms also recently weighed in on CSGS. Stifel Nicolaus lifted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of CSG Systems International in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.29.

CSG Systems International Stock Up 0.8%

NASDAQ CSGS opened at $64.75 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The company's 50 day simple moving average is $64.26 and its 200 day simple moving average is $63.14. CSG Systems International has a 12 month low of $46.17 and a 12 month high of $67.60. The company has a market capitalization of $1.86 billion, a P/E ratio of 22.40, a PEG ratio of 1.68 and a beta of 0.92.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.12. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The business had revenue of $271.26 million for the quarter, compared to the consensus estimate of $267.41 million. During the same period in the previous year, the firm earned $1.02 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGS. Fuller & Thaler Asset Management Inc. grew its position in CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock valued at $82,075,000 after purchasing an additional 216,128 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in CSG Systems International during the second quarter valued at approximately $10,859,000. Fort Washington Investment Advisors Inc. OH grew its position in CSG Systems International by 28.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company's stock worth $24,295,000 after acquiring an additional 84,240 shares in the last quarter. LSV Asset Management grew its position in CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after acquiring an additional 82,344 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company's stock worth $9,512,000 after acquiring an additional 62,763 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.

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