BidaskClub Downgrades CSG Systems International (CSGS) to Hold

CSG Systems International (NASDAQ:CSGS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus raised their price objective on shares of CSG Systems International from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, February 13th.

CSG Systems International stock opened at $44.15 on Friday. The stock has a market cap of $1,486.62, a price-to-earnings ratio of 21.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.49 and a current ratio of 2.49. CSG Systems International has a 52 week low of $35.48 and a 52 week high of $48.82.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $205.20 million for the quarter, compared to the consensus estimate of $199.21 million. During the same quarter last year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts forecast that CSG Systems International will post 2.41 earnings per share for the current year.

In other CSG Systems International news, insider Rolland B. Johns sold 4,043 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $47.55, for a total value of $192,244.65. Following the completion of the transaction, the insider now directly owns 7,057 shares in the company, valued at $335,560.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth M. Kennedy sold 3,612 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $47.45, for a total transaction of $171,389.40. Following the completion of the transaction, the executive vice president now owns 62,570 shares of the company’s stock, valued at $2,968,946.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,279 shares of company stock valued at $2,764,667. Insiders own 2.16% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CSGS. Russell Investments Group Ltd. boosted its holdings in shares of CSG Systems International by 277.3% in the third quarter. Russell Investments Group Ltd. now owns 30,617 shares of the technology company’s stock worth $1,227,000 after buying an additional 22,503 shares during the period. California Public Employees Retirement System boosted its holdings 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 period. Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of CSG Systems International by 2.0% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 222,711 shares of the technology company’s stock worth $9,759,000 after buying an additional 4,300 shares during the period. Foundry Partners LLC boosted its holdings in shares of CSG Systems International by 3.3% in the fourth quarter. Foundry Partners LLC now owns 213,447 shares of the technology company’s stock worth $9,353,000 after buying an additional 6,808 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of CSG Systems International by 1.7% in the fourth quarter. LSV Asset Management now owns 1,561,588 shares of the technology company’s stock worth $68,428,000 after buying an additional 25,800 shares during the period. Institutional investors own 94.28% of the company’s stock.

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About CSG Systems International

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.

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