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CSG Systems International (NASDAQ:CSGS) Receives Buy (B-) Rating from Weiss Ratings

CSG Systems International logo with Computer and Technology background

Key Points

  • CSG Systems International received a buy (B-) rating from Weiss Ratings, with a consensus rating of Moderate Buy and an average target price of $71.29.
  • The company reported $1.16 earnings per share (EPS), surpassing estimates, and its quarterly revenue increased 2.3% year-over-year.
  • CSG Systems' stock rose 1.3% during midday trading, reaching $64.64, with institutional investors holding 91.07% of the shares.
  • Five stocks to consider instead of CSG Systems International.

CSG Systems International (NASDAQ:CSGS - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Wolfe Research started coverage on shares of CSG Systems International in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.29.

Check Out Our Latest Research Report on CSGS

CSG Systems International Stock Up 1.3%

Shares of CSGS traded up $0.83 during midday trading on Wednesday, hitting $64.64. The stock had a trading volume of 137,589 shares, compared to its average volume of 236,702. The company has a 50 day simple moving average of $63.99 and a two-hundred day simple moving average of $62.97. CSG Systems International has a twelve month low of $46.17 and a twelve month high of $67.60. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56.

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

Hedge Funds Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently made changes to their positions in CSGS. SG Americas Securities LLC bought a new position in CSG Systems International during the first quarter worth $315,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 37,398 shares during the period. Kendall Capital Management boosted its position in CSG Systems International by 27.7% during the second quarter. Kendall Capital Management now owns 60,335 shares of the technology company's stock worth $3,940,000 after purchasing an additional 13,075 shares during the period. Fuller & Thaler Asset Management Inc. boosted 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 worth $82,075,000 after purchasing an additional 216,128 shares during the period. Finally, LSV Asset Management boosted its position in CSG Systems International by 6.0% during the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after purchasing an additional 82,344 shares during the period. 91.07% of the stock is owned by institutional investors.

About CSG Systems International

(Get Free Report)

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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Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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