CSG Systems International (NASDAQ:CSGS) Coverage Initiated at Wolfe Research

Equities researchers at 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 Ratings reports. The brokerage set a "peer perform" rating on the technology company's stock.

A number of other analysts also recently weighed in on CSGS. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company cut their target price on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $70.71.

CSG Systems International Stock Performance

CSGS traded down $1.42 during trading on Tuesday, hitting $64.18. The stock had a trading volume of 250,258 shares, compared to its average volume of 254,368. The company has a 50 day moving average price of $64.03 and a 200-day moving average price of $60.45. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.71 and a beta of 0.89. CSG Systems International has a one year low of $39.86 and a one year high of $67.60. 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 (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. As a group, research analysts predict that CSG Systems International will post 3.83 EPS for the current year.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new position in CSG Systems International in the 4th quarter worth about $4,222,000. SG Americas Securities LLC acquired a new position in CSG Systems International in the 1st quarter worth about $315,000. GAMMA Investing LLC increased its holdings in CSG Systems International by 6,481.5% in the 1st quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock worth $2,296,000 after purchasing an additional 37,398 shares in the last quarter. River Road Asset Management LLC increased its holdings in CSG Systems International by 18.7% in the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after purchasing an additional 16,519 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in CSG Systems International by 32.0% in the 4th 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 in the last quarter. 91.07% of the stock is currently owned by institutional investors.

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.