CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Recommendation of “Hold” from Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $77.2333.

Separately, Weiss Ratings downgraded shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd.

CSG Systems International Stock Performance

CSGS stock opened at $80.34 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. CSG Systems International has a 12-month low of $60.04 and a 12-month high of $80.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.90. The stock’s 50 day simple moving average is $80.07 and its 200 day simple moving average is $78.35.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%.The business had revenue of $323.09 million during the quarter, compared to analyst estimates of $296.25 million. As a group, research analysts forecast that CSG Systems International will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its position in CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. GAMMA Investing LLC increased its position in CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $77,000 after buying an additional 210 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of CSG Systems International by 0.9% in the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock worth $1,775,000 after buying an additional 241 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in shares of CSG Systems International by 2.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company’s stock worth $833,000 after buying an additional 304 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of CSG Systems International by 98.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after buying an additional 367 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.