CSG Systems International (NASDAQ:CSGS) Stock Rating Upgraded by Sidoti

CSG Systems International (NASDAQ:CSGS - Get Free Report) was upgraded by analysts at Sidoti to a "strong-buy" rating in a note issued to investors on Monday, May 19th,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group assumed coverage on shares of CSG Systems International in a research report on Friday, February 21st. They set a "buy" rating and a $75.00 price objective on the stock. Northland Securities restated an "outperform" rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus increased their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald boosted their price target on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $70.71.

CSG Systems International Stock Down 0.2%

Shares of CSG Systems International stock traded down $0.10 on Monday, hitting $63.49. 152,418 shares of the company traded hands, compared to its average volume of 264,416. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $67.60. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The company has a market cap of $1.84 billion, a PE ratio of 20.88, a PEG ratio of 1.68 and a beta of 0.87. The company has a 50-day moving average price of $60.90 and a 200 day moving average price of $58.25.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results 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 39.42% and a net margin of 7.25%. The firm had revenue of $271.55 million for the quarter, compared to the consensus estimate of $274.10 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business's quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that CSG Systems International will post 3.83 earnings per share for the current year.

Insider Buying and Selling at CSG Systems International

In other news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the transaction, the director now directly owns 41,561 shares in the company, valued at approximately $2,768,793.82. The trade was a 17.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of CSG Systems International

Hedge funds have recently added to or reduced their stakes in the business. Amundi lifted its holdings in shares of CSG Systems International by 1.0% during the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after buying an additional 179 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in CSG Systems International by 1.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company's stock valued at $1,091,000 after purchasing an additional 259 shares during the last quarter. TD Private Client Wealth LLC raised its stake in CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock valued at $128,000 after purchasing an additional 373 shares during the last quarter. Willis Investment Counsel boosted its holdings in CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after purchasing an additional 668 shares during the period. Finally, USA Financial Formulas acquired a new stake in CSG Systems International in the 1st quarter worth $48,000. 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.