Shares of CSG International (NASDAQ:CSGS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a twelve-month consensus price objective of $52.00 for the company and are predicting that the company will post $0.71 earnings per share for the current quarter, according to Zacks. Zacks has also given CSG International an industry rank of 178 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on the company. BidaskClub raised CSG International from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price objective on CSG International from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ValuEngine upgraded CSG International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research lowered CSG International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th.
In related news, insider Rolland B. Johns sold 4,043 shares of CSG International stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $47.55, for a total transaction of $192,244.65. Following the sale, the insider now directly owns 7,057 shares in the company, valued at $335,560.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth M. Kennedy sold 3,612 shares of CSG International stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $47.45, for a total value of $171,389.40. Following the sale, the executive vice president now owns 62,570 shares in the company, valued at $2,968,946.50. The disclosure for this sale can be found here. Insiders have sold 75,431 shares of company stock worth $3,509,236 over the last 90 days. 2.16% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group increased its holdings in CSG International by 33.1% during the 4th quarter. Schroder Investment Management Group now owns 685,925 shares of the technology company’s stock worth $30,057,000 after purchasing an additional 170,577 shares during the period. Teachers Advisors LLC increased its holdings in CSG International by 15.5% in the fourth quarter. Teachers Advisors LLC now owns 439,427 shares of the technology company’s stock valued at $19,256,000 after buying an additional 58,902 shares in the last quarter. Martingale Asset Management L P increased its holdings in CSG International by 71.1% in the fourth quarter. Martingale Asset Management L P now owns 104,232 shares of the technology company’s stock valued at $4,568,000 after buying an additional 43,314 shares in the last quarter. Alambic Investment Management L.P. increased its holdings in CSG International by 35.0% in the fourth quarter. Alambic Investment Management L.P. now owns 155,000 shares of the technology company’s stock valued at $6,792,000 after buying an additional 40,150 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in CSG International by 222.7% in the fourth quarter. Arizona State Retirement System now owns 56,343 shares of the technology company’s stock valued at $2,469,000 after buying an additional 38,885 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CSGS traded down $2.08 during trading hours on Monday, reaching $41.07. 234,726 shares of the stock traded hands, compared to its average volume of 218,850. The stock has a market cap of $1,469.12, a price-to-earnings ratio of 20.88 and a beta of 0.93. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.90. CSG International has a 52-week low of $37.21 and a 52-week high of $48.82.
CSG International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $198.00 million. CSG International had a return on equity of 21.47% and a net margin of 7.77%. CSG International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.62 EPS. analysts forecast that CSG International will post 2.41 EPS for the current fiscal year.
About CSG 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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