CSG Systems International Inc. (NASDAQ:CSGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
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 lowered their target price on CSG Systems International from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, September 22nd.
Shares of CSG Systems International (NASDAQ:CSGS) opened at 41.10 on Tuesday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. CSG Systems International has a one year low of $31.53 and a one year high of $46.54. The stock has a 50 day moving average price of $42.78 and a 200 day moving average price of $42.46.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The firm earned $190.30 million during the quarter, compared to analysts’ expectations of $185.50 million. During the same period last year, the firm posted $0.61 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that CSG Systems International will post $2.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, September 14th were paid a $0.185 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.74 annualized dividend and a dividend yield of 1.80%. CSG Systems International’s dividend payout ratio (DPR) is currently 34.10%.
In other news, insider Rolland B. Johns sold 1,099 shares of CSG Systems International stock in a transaction on Monday, August 15th. The stock was sold at an average price of $40.31, for a total value of $44,300.69. Following the completion of the sale, the insider now directly owns 23,305 shares of the company’s stock, valued at approximately $939,424.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.25% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in CSGS. Emerald Acquisition Ltd. purchased a new stake in CSG Systems International during the second quarter valued at approximately $14,944,000. Foundry Partners LLC bought a new stake in shares of CSG Systems International during the second quarter worth approximately $5,876,000. Bogle Investment Management L P DE boosted its stake in shares of CSG Systems International by 107.0% in the first quarter. Bogle Investment Management L P DE now owns 266,953 shares of the company’s stock worth $12,055,000 after buying an additional 138,007 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of CSG Systems International by 187.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 107,193 shares of the company’s stock worth $4,321,000 after buying an additional 69,966 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of CSG Systems International by 49.0% in the first quarter. TIAA CREF Investment Management LLC now owns 160,144 shares of the company’s stock worth $7,232,000 after buying an additional 52,674 shares during the period.
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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