CSG Systems International, Inc. (CSGS) Earns Buy Rating from Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of CSG Systems International, Inc. (NASDAQ:CSGS) in a research note published on Friday. Stifel Nicolaus currently has a $47.00 price target on the technology company’s stock.
Several other research analysts also recently commented on CSGS. Zacks Investment Research downgraded CSG Systems International from a hold rating to a sell rating in a research note on Tuesday, August 8th. BidaskClub downgraded CSG Systems International from a sell rating to a strong sell rating in a research note on Thursday, August 3rd.
Shares of CSG Systems International (NASDAQ:CSGS) opened at $43.68 on Friday. The firm has a market capitalization of $1,464.30, a price-to-earnings ratio of 21.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.54.
CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The business had revenue of $199.20 million during the quarter, compared to the consensus estimate of $194.67 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. analysts anticipate that CSG Systems International will post 2.12 earnings per share for the current year.
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In other news, Director Frank V. Sica sold 3,000 shares of CSG Systems International stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $37.70, for a total transaction of $113,100.00. Following the completion of the sale, the director now owns 21,550 shares in the company, valued at approximately $812,435. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.57% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. lifted its position in CSG Systems International by 3.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,452 shares of the technology company’s stock worth $180,000 after buying an additional 168 shares during the last quarter. Airain ltd bought a new stake in CSG Systems International in the 2nd quarter worth approximately $215,000. Hikari Power Ltd bought a new stake in CSG Systems International in the 2nd quarter worth approximately $217,000. Tudor Investment Corp ET AL bought a new stake in CSG Systems International in the 1st quarter worth approximately $223,000. Finally, Palo Capital Inc. bought a new stake in CSG Systems International in the 2nd quarter worth approximately $231,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
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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