CSG Systems International, Inc. (NASDAQ:CSGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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. “

CSGS has been the subject of a number of other reports. BidaskClub downgraded shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price target on shares of CSG Systems International in a research note on Monday, July 10th.

CSG Systems International (CSGS) traded down 0.21% on Tuesday, reaching $37.82. 30,047 shares of the company’s stock traded hands. CSG Systems International has a 52-week low of $35.48 and a 52-week high of $51.34. The firm has a market capitalization of $1.22 billion, a PE ratio of 19.91 and a beta of 1.09. The firm’s 50 day moving average price is $40.89 and its 200 day moving average price is $39.98.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. The company had revenue of $192.70 million for the quarter, compared to analyst estimates of $194.58 million. During the same period in the prior year, the business earned $0.70 earnings per share. CSG Systems International’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that CSG Systems International will post $2.52 EPS for the current fiscal year.

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In related news, Director Donald Reed sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $41.53, for a total transaction of $207,650.00. Following the completion of the sale, the director now directly owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.07, for a total transaction of $42,937.93. Following the sale, the insider now directly owns 16,574 shares of the company’s stock, valued at $647,546.18. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

Several large investors have recently bought and sold shares of CSGS. Meadow Creek Investment Management LLC increased its stake in CSG Systems International by 16.0% in the first quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock worth $112,000 after buying an additional 408 shares during the period. Airain ltd acquired a new stake in CSG Systems International during the second quarter worth $215,000. Hikari Power Ltd acquired a new stake in CSG Systems International during the second quarter worth $217,000. Tudor Investment Corp ET AL acquired a new stake in CSG Systems International during the first quarter worth $223,000. Finally, Palo Capital Inc. acquired a new stake in CSG Systems International during the second quarter worth $231,000. 94.57% of the stock is owned by institutional investors and hedge funds.

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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