CSG Systems International (NASDAQ:CSGS) Upgraded to Strong-Buy at Sidoti

Sidoti upgraded shares of CSG Systems International (NASDAQ:CSGS) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

CSGS has been the topic of a number of other reports. Cantor Fitzgerald raised their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price objective on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Northland Securities reiterated an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $70.71.

CSG Systems International Trading Up 0.2%

NASDAQ:CSGS opened at $64.85 on Monday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $67.60. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The stock has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $57.93.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The firm had revenue of $271.55 million during the quarter, compared to analyst estimates of $274.10 million. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.32 dividend. The ex-dividend date was Wednesday, March 19th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.97%. CSG Systems International’s payout ratio is 43.69%.

Insider Buying and Selling at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the transaction, the director now directly owns 41,561 shares of the company’s stock, valued at $2,768,793.82. The trade was a 17.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. USA Financial Formulas acquired a new position in shares of CSG Systems International during the 1st quarter worth $48,000. Independence Bank of Kentucky acquired a new position in shares of CSG Systems International during the 4th quarter worth $80,000. TD Private Client Wealth LLC raised its holdings in shares of CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after buying an additional 373 shares in the last quarter. Praxis Investment Management Inc. acquired a new position in shares of CSG Systems International during the 1st quarter worth $206,000. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International during the 1st quarter worth $315,000. 91.07% of the stock is owned by institutional investors and hedge funds.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.