CSG Systems International (CSGS) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of CSG Systems International (NASDAQ:CSGS) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Several other research firms have also commented on CSGS. Stifel Nicolaus upped their price objective on CSG Systems International from $47.00 to $52.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. ValuEngine upgraded CSG Systems International from a hold rating to a buy rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research upgraded CSG Systems International from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Tuesday, February 13th.

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Shares of CSGS stock opened at $44.16 on Wednesday. The firm has a market cap of $1,528.52, a price-to-earnings ratio of 21.87 and a beta of 0.95. 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 12 month low of $35.48 and a 12 month 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 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.03). The company had revenue of $205.20 million during the quarter, compared to analysts’ expectations of $199.21 million. CSG Systems International had a return on equity of 21.47% and a net margin of 7.77%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. equities research analysts predict that CSG Systems International will post 2.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.90%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, March 13th. CSG Systems International’s dividend payout ratio is 45.16%.

In other news, Director Donald Reed sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $47.28, for a total value of $236,400.00. Following the completion of the sale, the director now directly owns 38,868 shares in the company, valued at approximately $1,837,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bret C. Griess sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $48.42, for a total value of $968,400.00. Following the completion of the sale, the chief executive officer now owns 242,690 shares of the company’s stock, valued at $11,751,049.80. The disclosure for this sale can be found here. Insiders sold a total of 58,279 shares of company stock valued at $2,764,667 over the last 90 days. 2.57% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of CSGS. LSV Asset Management boosted its holdings in CSG Systems International by 1.7% in the 4th 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. Bank of New York Mellon Corp boosted its holdings in CSG Systems International by 4.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,012,238 shares of the technology company’s stock worth $40,590,000 after buying an additional 40,256 shares during the period. River Road Asset Management LLC boosted its holdings in CSG Systems International by 1.2% in the 4th quarter. River Road Asset Management LLC now owns 905,661 shares of the technology company’s stock worth $39,686,000 after buying an additional 11,144 shares during the period. Schroder Investment Management Group boosted its holdings in CSG Systems International by 33.1% in the 4th quarter. Schroder Investment Management Group now owns 685,925 shares of the technology company’s stock worth $30,057,000 after buying an additional 170,577 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in CSG Systems International by 15.5% in the 4th quarter. Teachers Advisors LLC now owns 439,427 shares of the technology company’s stock worth $19,256,000 after buying an additional 58,902 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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CSG Systems International Company Profile

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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