CSG Systems International (NASDAQ:CSGS) Upgraded by Wall Street Zen to Strong-Buy Rating

CSG Systems International (NASDAQ:CSGS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

Other analysts also recently issued reports about the company. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Wells Fargo & Company decreased their price target on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $70.71.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $64.38 on Friday. CSG Systems International has a 52 week low of $39.86 and a 52 week high of $67.60. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.66 and a beta of 0.90. The firm's 50-day simple moving average is $63.20 and its 200 day simple moving average is $59.86. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current 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 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. During the same period last year, the firm earned $1.01 earnings per share. CSG Systems International's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that CSG Systems International will post 3.83 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in shares of CSG Systems International in the 4th quarter worth approximately $4,222,000. GAMMA Investing LLC lifted its position in shares of 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 during the period. SG Americas Securities LLC acquired a new position in shares of CSG Systems International during the 1st quarter valued at $315,000. River Road Asset Management LLC lifted its position in shares of CSG Systems International by 18.7% during the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock valued at $5,355,000 after acquiring an additional 16,519 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of CSG Systems International by 32.0% during the 4th quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock valued at $1,201,000 after acquiring an additional 5,700 shares during the period. Institutional investors and hedge funds 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.

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