Shares of CSG International (NASDAQ:CSGS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 1 year consensus target price of $52.00 for the company and are expecting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also assigned CSG International an industry rank of 156 out of 265 based on the ratings given to its competitors.
CSGS has been the subject of a number of recent research reports. BidaskClub downgraded CSG International from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 12th. ValuEngine downgraded CSG International from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Zacks Investment Research downgraded CSG International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Finally, Stifel Nicolaus boosted their price target on CSG International from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.
CSG International (NASDAQ:CSGS) last issued its earnings results on Wednesday, May 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. CSG International had a return on equity of 21.46% and a net margin of 6.90%. The business had revenue of $201.70 million during the quarter, compared to analyst estimates of $198.00 million. During the same quarter in the previous year, the firm earned $0.62 EPS. CSG International’s revenue was up 4.7% on a year-over-year basis. sell-side analysts forecast that CSG International will post 2.41 earnings per share for the current year.
In other CSG International news, insider Rolland B. Johns sold 4,043 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $47.55, for a total transaction of $192,244.65. Following the completion of the sale, the insider now directly owns 7,057 shares in the company, valued at approximately $335,560.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Randy Wiese sold 13,659 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $46.53, for a total value of $635,553.27. Following the sale, the chief financial officer now owns 84,746 shares of the company’s stock, valued at $3,943,231.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,431 shares of company stock valued at $3,509,236. Corporate insiders own 2.16% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC grew its stake in shares of CSG International by 6.6% during the 1st quarter. Foundry Partners LLC now owns 227,518 shares of the technology company’s stock valued at $10,304,000 after purchasing an additional 14,071 shares during the period. Russell Investments Group Ltd. grew its stake in shares of CSG International by 53.6% during the 1st quarter. Russell Investments Group Ltd. now owns 46,409 shares of the technology company’s stock valued at $2,102,000 after acquiring an additional 16,192 shares during the period. Quantbot Technologies LP grew its stake in shares of CSG International by 202.3% during the 1st quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock valued at $191,000 after acquiring an additional 2,832 shares during the period. Bahl & Gaynor Inc. grew its stake in shares of CSG International by 56.9% during the 1st quarter. Bahl & Gaynor Inc. now owns 50,317 shares of the technology company’s stock valued at $2,279,000 after acquiring an additional 18,247 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of CSG International by 33.4% during the 1st quarter. California Public Employees Retirement System now owns 29,554 shares of the technology company’s stock valued at $1,339,000 after acquiring an additional 7,400 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.
CSG International Company Profile
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.
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