CSG Systems International (NASDAQ:CSGS) Now Covered by Analysts at Wolfe Research

Wolfe Research began coverage on shares of CSG Systems International (NASDAQ:CSGS - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "peer perform" rating on the technology company's stock.

Several other equities research analysts have also commented on the stock. Wall Street Zen raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company dropped their target price on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $70.71.

CSG Systems International Price Performance

NASDAQ CSGS traded down $1.91 on Tuesday, hitting $61.85. The company had a trading volume of 254,837 shares, compared to its average volume of 254,296. The company has a market capitalization of $1.79 billion, a PE ratio of 21.11, a PEG ratio of 1.65 and a beta of 0.89. The company's fifty day moving average price is $64.29 and its 200-day moving average price is $60.66. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.55 and a quick ratio of 1.55. CSG Systems International has a 12-month low of $42.01 and a 12-month high of $67.60.

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

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds have recently modified their holdings of CSGS. USA Financial Formulas purchased a new position in CSG Systems International during the first quarter worth about $48,000. TD Private Client Wealth LLC boosted its stake in CSG Systems International by 21.3% during the first 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 during the first quarter worth about $206,000. SG Americas Securities LLC purchased a new position in CSG Systems International during the first quarter worth about $315,000. Finally, Harbor Capital Advisors Inc. boosted its stake in 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 worth $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.

About CSG Systems International

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.