Zacks Investment Research Downgrades CSG Systems International Inc. (CSGS) to Sell
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 decreased their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a buy rating for the company in a research report on Thursday, September 22nd.
Shares of CSG Systems International (NASDAQ:CSGS) opened at 40.47 on Tuesday. The company has a market capitalization of $1.24 billion, a PE ratio of 18.67 and a beta of 0.81. The firm’s 50-day moving average is $42.73 and its 200 day moving average is $42.44. CSG Systems International has a 12 month low of $31.53 and a 12 month high of $46.54.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm earned $190.30 million during the quarter, compared to analysts’ expectations of $185.50 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that CSG Systems International will post $2.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, September 12th. CSG Systems International’s payout ratio is 34.10%.
In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were 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 in the company, valued at $939,424.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.25% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of CSGS. Quantbot Technologies LP bought a new stake in CSG Systems International during the second quarter worth approximately $116,000. PineBridge Investments L.P. boosted its stake in 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 last quarter. Meeder Asset Management Inc. bought a new stake in CSG Systems International during the first quarter worth approximately $264,000. Highland Capital Management LLC bought a new stake in CSG Systems International during the second quarter worth approximately $265,000. Finally, Pacad Investment Ltd. bought a new stake in 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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