Zacks Investment Research upgraded shares of CSG Systems International (NASDAQ:CSGS) from a sell rating to a hold rating in a report published on Tuesday, September 18th.
According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “
A number of other analysts also recently issued reports on the stock. BidaskClub raised shares of CSG Systems International from a strong sell rating to a sell rating in a report on Thursday, September 13th. ValuEngine raised shares of CSG Systems International from a sell rating to a hold rating in a report on Thursday, September 6th. Finally, Sidoti began coverage on shares of CSG Systems International in a report on Wednesday, August 15th. They set a buy rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $50.67.
NASDAQ:CSGS traded down $0.15 during trading hours on Tuesday, hitting $35.97. The stock had a trading volume of 151,172 shares, compared to its average volume of 201,867. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.68 and a quick ratio of 2.68. CSG Systems International has a one year low of $35.69 and a one year high of $48.82. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 17.81 and a beta of 0.80.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The firm had revenue of $213.00 million during the quarter, compared to the consensus estimate of $211.45 million. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that CSG Systems International will post 2.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Wednesday, September 12th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Tuesday, September 11th. CSG Systems International’s payout ratio is presently 41.58%.
A number of large investors have recently modified their holdings of CSGS. Quantbot Technologies LP raised its position in CSG Systems International by 202.3% in the 1st quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock worth $191,000 after purchasing an additional 2,832 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CSG Systems International in the 2nd quarter worth $272,000. Xact Kapitalforvaltning AB raised its position in CSG Systems International by 29.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after purchasing an additional 1,400 shares during the period. Wedge Capital Management L L P NC raised its position in CSG Systems International by 24.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,411 shares during the period. Finally, Alps Advisors Inc. purchased a new position in CSG Systems International in the 2nd quarter worth $728,000. Institutional investors own 96.73% of the company’s stock.
About CSG Systems International
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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