CSG Systems International (NASDAQ:CSGS) Cut to “Hold” at ValuEngine

CSG Systems International (NASDAQ:CSGS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

CSGS has been the topic of a number of other research reports. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. BidaskClub raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $51.00.

CSG Systems International stock traded down $0.88 during midday trading on Thursday, reaching $50.28. 126,995 shares of the stock were exchanged, compared to its average volume of 185,586. The firm has a fifty day simple moving average of $49.12. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.26 and a beta of 1.05. CSG Systems International has a 52 week low of $30.40 and a 52 week high of $52.72.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). The company had revenue of $227.66 million during the quarter, compared to the consensus estimate of $225.95 million. CSG Systems International had a return on equity of 24.90% and a net margin of 7.77%. CSG Systems International’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. As a group, analysts forecast that CSG Systems International will post 2.77 EPS for the current year.

In other news, Director Donald Reed sold 6,800 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $46.09, for a total value of $313,412.00. Following the transaction, the director now owns 34,868 shares of the company’s stock, valued at approximately $1,607,066.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.94% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. LSV Asset Management boosted its stake in shares of CSG Systems International by 1.0% in the 1st quarter. LSV Asset Management now owns 1,550,052 shares of the technology company’s stock valued at $65,567,000 after purchasing an additional 15,300 shares in the last quarter. Norges Bank purchased a new stake in shares of CSG Systems International in the 4th quarter valued at $23,381,000. Geode Capital Management LLC boosted its stake in shares of CSG Systems International by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 534,426 shares of the technology company’s stock valued at $16,978,000 after purchasing an additional 7,278 shares in the last quarter. BTIM Corp. boosted its stake in shares of CSG Systems International by 7.3% in the 1st quarter. BTIM Corp. now owns 533,013 shares of the technology company’s stock valued at $22,547,000 after purchasing an additional 36,406 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of CSG Systems International by 11.0% in the 2nd quarter. Foundry Partners LLC now owns 350,394 shares of the technology company’s stock valued at $17,110,000 after purchasing an additional 34,642 shares in the last quarter. 98.54% of the stock is owned by institutional investors.

CSG Systems 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 offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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