BidaskClub cut shares of CSG Systems International, Inc. (NASDAQ:CSGS) from a sell rating to a strong sell rating in a report released on Thursday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of CSG Systems International from a buy rating to a hold rating in a research report on Monday, May 22nd. Stifel Nicolaus reissued a buy rating and set a $47.00 target price on shares of CSG Systems International in a research report on Monday, July 10th.

CSG Systems International (NASDAQ CSGS) traded down 1.73% during trading on Thursday, hitting $39.21. 128,812 shares of the stock were exchanged. The firm has a market cap of $1.32 billion, a PE ratio of 20.64 and a beta of 1.09. The firm’s 50-day moving average is $41.24 and its 200 day moving average is $40.31. CSG Systems International has a 52 week low of $35.48 and a 52 week high of $51.34.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to the consensus estimate of $194.58 million. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. Analysts expect that CSG Systems International will post $2.52 earnings per share for the current fiscal year.

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In other news, EVP Kenneth M. Kennedy sold 3,891 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $39.10, for a total transaction of $152,138.10. Following the completion of the sale, the executive vice president now directly owns 49,609 shares of the company’s stock, valued at $1,939,711.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donald Reed sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $41.53, for a total transaction of $207,650.00. Following the sale, the director now directly owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its position in CSG Systems International by 16.0% in the first quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock valued at $112,000 after buying an additional 408 shares during the period. Tudor Investment Corp ET AL purchased a new position in CSG Systems International during the first quarter valued at $223,000. Palo Capital Inc. purchased a new position in CSG Systems International during the second quarter valued at $231,000. Blair William & Co. IL boosted its position in CSG Systems International by 0.5% in the second quarter. Blair William & Co. IL now owns 8,600 shares of the technology company’s stock valued at $349,000 after buying an additional 41 shares during the period. Finally, Jensen Investment Management Inc. boosted its position in CSG Systems International by 14.9% in the first quarter. Jensen Investment Management Inc. now owns 11,560 shares of the technology company’s stock valued at $437,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 94.87% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

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