CSG Systems International Inc. (CSGS) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of CSG Systems International Inc. (NASDAQ:CSGS) from a buy rating to a hold rating in a research report report published on Monday.

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. “

Separately, Stifel Nicolaus reduced their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a buy rating on the stock in a research report on Thursday, September 22nd.

Shares of CSG Systems International (NASDAQ:CSGS) opened at 41.42 on Monday. The stock has a market cap of $1.27 billion, a P/E ratio of 19.11 and a beta of 0.81. CSG Systems International has a one year low of $30.54 and a one year high of $46.54. The stock has a 50 day moving average of $42.71 and a 200 day moving average of $42.44.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, August 3rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. CSG Systems International had a net margin of 9.56% and a return on equity of 31.47%. The company had revenue of $190.30 million for the quarter, compared to the consensus estimate of $185.50 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that CSG Systems International will post $2.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Monday, September 12th. CSG Systems International’s payout ratio is currently 34.10%.

In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $40.31, for a total transaction of $44,300.69. Following the transaction, the insider now directly owns 23,305 shares of the company’s stock, valued at approximately $939,424.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.25% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the second quarter worth approximately $116,000. PineBridge Investments L.P. boosted its stake in shares of CSG Systems International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $166,000 after buying an additional 119 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of CSG Systems International during the first quarter worth approximately $264,000. Highland Capital Management LLC acquired a new stake in shares of CSG Systems International during the second quarter worth approximately $265,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of CSG Systems International during the first quarter worth approximately $325,000.

CSG Systems International Company Profile

CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.

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