CSG Systems International (CSGS) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of CSG Systems International (NASDAQ:CSGS) from a hold rating to a sell rating in a report issued on Thursday.

A number of other equities analysts also recently issued reports on the stock. ValuEngine raised shares of CSG Systems International from a sell rating to a hold rating in a report on Thursday, September 6th. Sidoti started coverage on shares of CSG Systems International in a report on Wednesday, August 15th. They set a buy rating and a $50.00 price objective on the stock. Finally, Zacks Investment Research raised shares of CSG Systems International from a sell rating to a hold rating in a report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $50.67.

NASDAQ CSGS opened at $38.52 on Thursday. CSG Systems International has a 12-month low of $36.38 and a 12-month high of $48.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $1.35 billion, a P/E ratio of 19.07 and a beta of 0.80.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The business had revenue of $213.00 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the firm posted $0.62 EPS. CSG Systems International’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts expect that CSG Systems International will post 2.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Wednesday, September 12th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, September 11th. CSG Systems International’s dividend payout ratio is currently 41.58%.

Institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group grew its holdings in CSG Systems International by 2.4% during the 2nd quarter. Schroder Investment Management Group now owns 468,426 shares of the technology company’s stock valued at $19,341,000 after buying an additional 11,056 shares in the last quarter. California Public Employees Retirement System grew its holdings in CSG Systems International by 188.6% during the 2nd quarter. California Public Employees Retirement System now owns 85,291 shares of the technology company’s stock valued at $3,486,000 after buying an additional 55,737 shares in the last quarter. United Services Automobile Association grew its holdings in CSG Systems International by 441.3% during the 2nd quarter. United Services Automobile Association now owns 138,711 shares of the technology company’s stock valued at $6,603,000 after buying an additional 113,084 shares in the last quarter. Martingale Asset Management L P grew its holdings in CSG Systems International by 28.8% during the 2nd quarter. Martingale Asset Management L P now owns 137,038 shares of the technology company’s stock valued at $5,601,000 after buying an additional 30,606 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in CSG Systems International by 39.1% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 426,598 shares of the technology company’s stock valued at $17,435,000 after buying an additional 119,904 shares in the last quarter. Institutional investors and hedge funds own 96.73% 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's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

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