CSG Systems International (NASDAQ:CSGS) Stock Rating Upgraded by Wall Street Zen

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 note issued to investors on Sunday.

Other equities research analysts have also issued research reports about the stock. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wells Fargo & Company lowered their target price on 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 given a strong buy rating to the stock. According to MarketBeat, CSG Systems International has an average rating of "Buy" and an average price target of $70.71.

CSG Systems International Price Performance

NASDAQ:CSGS traded down $0.42 during trading hours on Friday, reaching $65.53. 76,477 shares of the company were exchanged, compared to its average volume of 252,981. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90. The firm has a market cap of $1.90 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. CSG Systems International has a twelve month low of $39.86 and a twelve month high of $67.60. The stock's 50-day moving average is $63.48 and its 200-day moving average is $60.02.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSG Systems International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in shares of CSG Systems International during the first quarter valued at about $48,000. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 21.3% in the first 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 in the last quarter. Praxis Investment Management Inc. acquired a new position in shares of CSG Systems International in the first quarter valued at approximately $206,000. SG Americas Securities LLC purchased a new stake in CSG Systems International during the 1st quarter worth approximately $315,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in CSG Systems International by 20.0% during the 1st 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 in the last quarter. 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.