CSG Systems International (CSGS) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of CSG Systems International (NASDAQ:CSGS) from a hold rating to a buy rating in a report released on Thursday.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of CSG Systems International from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research report on Tuesday, February 13th. Stifel Nicolaus reaffirmed a buy rating and set a $47.00 price objective on shares of CSG Systems International in a research report on Friday, November 3rd.

CSG Systems International (NASDAQ CSGS) opened at $47.98 on Thursday. CSG Systems International has a 1 year low of $35.48 and a 1 year high of $48.82. The company has a market cap of $1,625.53, a P/E ratio of 25.80 and a beta of 1.01. The company has a current ratio of 2.49, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.03). CSG Systems International had a net margin of 7.77% and a return on equity of 21.47%. The company had revenue of $205.20 million for the quarter, compared to analysts’ expectations of $199.21 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that CSG Systems International will post 2.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, March 13th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.75%. CSG Systems International’s payout ratio is 42.47%.

In other news, CFO Randy Wiese sold 19,225 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $44.41, for a total value of $853,782.25. Following the completion of the sale, the chief financial officer now directly owns 103,506 shares in the company, valued at $4,596,701.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donald V. Smith sold 8,878 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $44.23, for a total transaction of $392,673.94. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $884,600. The disclosure for this sale can be found here. Insiders sold 30,006 shares of company stock valued at $1,333,385 over the last quarter. Corporate insiders own 2.57% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of CSG Systems International by 3.3% in the third quarter. Rhumbline Advisers now owns 71,299 shares of the technology company’s stock worth $2,859,000 after buying an additional 2,307 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of CSG Systems International by 88.8% in the third quarter. Schroder Investment Management Group now owns 515,348 shares of the technology company’s stock worth $20,562,000 after buying an additional 242,403 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of CSG Systems International by 41.9% in the third quarter. California Public Employees Retirement System now owns 24,832 shares of the technology company’s stock worth $996,000 after buying an additional 7,332 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of CSG Systems International by 7.5% in the third quarter. Foundry Partners LLC now owns 206,639 shares of the technology company’s stock worth $8,286,000 after buying an additional 14,498 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of CSG Systems International by 12.7% in the second quarter. Parametric Portfolio Associates LLC now owns 119,399 shares of the technology company’s stock worth $4,845,000 after buying an additional 13,441 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://weekherald.com/2018/02/23/csg-systems-international-csgs-upgraded-by-bidaskclub-to-buy.html.

CSG Systems International Company Profile

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply