CSG Systems International (CSGS) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of CSG Systems International (NASDAQ:CSGS) from a sell rating to a hold rating in a report published on Saturday.

A number of other equities research analysts also recently weighed in on CSGS. BidaskClub downgraded CSG Systems International from a hold rating to a sell rating in a report on Thursday, October 4th. Zacks Investment Research raised CSG Systems International from a sell rating to a hold rating in a report on Monday, October 1st. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $48.33.

Shares of NASDAQ:CSGS opened at $33.40 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 14.33 and a beta of 0.86. CSG Systems International has a 1 year low of $31.73 and a 1 year high of $48.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.61 and a current ratio of 2.61.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.14. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $216.87 million. CSG Systems International had a return on equity of 21.86% and a net margin of 7.23%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, analysts anticipate that CSG Systems International will post 2.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Wednesday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, December 4th. CSG Systems International’s dividend payout ratio is presently 41.58%.

Several hedge funds have recently modified their holdings of the business. First Hawaiian Bank bought a new position in shares of CSG Systems International in the 3rd quarter valued at $187,000. Raymond James Trust N.A. bought a new position in shares of CSG Systems International in the 3rd quarter valued at $215,000. Paloma Partners Management Co bought a new position in shares of CSG Systems International in the 3rd quarter valued at $264,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CSG Systems International in the 2nd quarter valued at $272,000. Finally, Alps Advisors Inc. bought a new position in shares of CSG Systems International in the 2nd quarter valued at $728,000. 99.64% of the stock is currently owned by hedge funds and other institutional investors.

About CSG Systems International

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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