Zacks Investment Research cut shares of CSG Systems International Inc. (NASDAQ:CSGS) from a hold rating to a sell rating in a research report report published on Tuesday.

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. “

Separately, Stifel Nicolaus reduced their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a buy rating on the stock in a report on Thursday, September 22nd.

CSG Systems International (NASDAQ:CSGS) opened at 40.96 on Tuesday. The firm’s 50-day moving average is $42.76 and its 200 day moving average is $42.47. The company has a market capitalization of $1.26 billion, a PE ratio of 18.89 and a beta of 0.81. CSG Systems International has a one year low of $31.53 and a one year high of $46.54.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The business had revenue of $190.30 million for the quarter, compared to analyst estimates of $185.50 million. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that CSG Systems International will post $2.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, September 14th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, September 12th. CSG Systems International’s dividend payout ratio is presently 34.10%.

In other news, insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $40.31, for a total transaction of $44,300.69. Following the completion of the transaction, the insider now directly owns 23,305 shares of the company’s stock, valued at $939,424.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.25% of the company’s stock.

Several institutional investors have recently made changes to their positions in CSGS. Quantbot Technologies LP bought a new position in shares of CSG Systems International during the second quarter worth approximately $116,000. PineBridge Investments L.P. increased its position in shares of CSG Systems International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $166,000 after buying an additional 119 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of CSG Systems International during the first quarter worth approximately $264,000. Highland Capital Management LLC bought a new position in shares of CSG Systems International during the second quarter worth approximately $265,000. Finally, Pacad Investment Ltd. bought a new position in shares of CSG Systems International during the first quarter worth approximately $325,000.

CSG Systems International Company Profile

CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.

5 Day Chart for NASDAQ:CSGS

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