CSG Systems International (NASDAQ:CSGS) Rating Lowered to Sell at ValuEngine

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CSG Systems International (NASDAQ:CSGS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. BidaskClub downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Sidoti lowered CSG Systems International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, B. Riley set a $58.00 target price on CSG Systems International and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.00.

Shares of CSG Systems International stock opened at $56.52 on Tuesday. The firm has a market capitalization of $1.86 billion, a PE ratio of 21.66 and a beta of 1.03. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.70 and a quick ratio of 1.70. The company’s fifty day moving average price is $55.38 and its two-hundred day moving average price is $51.39. CSG Systems International has a 52-week low of $30.40 and a 52-week high of $58.69.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. CSG Systems International had a net margin of 8.20% and a return on equity of 26.74%. The company had revenue of $235.05 million during the quarter, compared to the consensus estimate of $229.33 million. During the same period last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts predict that CSG Systems International will post 2.94 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in CSG Systems International during the 3rd quarter valued at about $25,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CSG Systems International during the third quarter worth approximately $279,000. Russell Investments Group Ltd. raised its stake in shares of CSG Systems International by 27.4% in the second quarter. Russell Investments Group Ltd. now owns 13,259 shares of the technology company’s stock valued at $647,000 after acquiring an additional 2,853 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of CSG Systems International by 6.2% in the second quarter. UBS Asset Management Americas Inc. now owns 18,237 shares of the technology company’s stock valued at $891,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of CSG Systems International by 12.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 19,890 shares of the technology company’s stock worth $1,028,000 after acquiring an additional 2,170 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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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