CSG Systems International (CSGS) Stock Rating Upgraded by ValuEngine
CSG Systems International (NASDAQ:CSGS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
CSGS has been the subject of several other research reports. Zacks Investment Research cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus restated a “buy” rating and set a $47.00 target price on shares of CSG Systems International in a report on Friday, November 3rd. Finally, BidaskClub upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.
Shares of CSG Systems International (NASDAQ CSGS) traded up $0.69 on Thursday, reaching $46.60. 124,004 shares of the company traded hands, compared to its average volume of 203,444. CSG Systems International has a fifty-two week low of $35.48 and a fifty-two week high of $48.82. The firm has a market capitalization of $1,590.00, a PE ratio of 24.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.49 and a quick ratio of 2.56.
In other CSG Systems International news, CEO Bret C. Griess sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $48.42, for a total value of $968,400.00. Following the completion of the sale, the chief executive officer now owns 242,690 shares in the company, valued at $11,751,049.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rolland B. Johns sold 4,043 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $47.55, for a total transaction of $192,244.65. Following the completion of the sale, the insider now owns 7,057 shares of the company’s stock, valued at approximately $335,560.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,758 shares of company stock valued at $2,814,890. Corporate insiders own 2.57% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. LSV Asset Management lifted its stake in CSG Systems International by 1.7% in the fourth quarter. LSV Asset Management now owns 1,561,588 shares of the technology company’s stock valued at $68,428,000 after acquiring an additional 25,800 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CSG Systems International by 4.1% in the third quarter. Bank of New York Mellon Corp now owns 1,012,238 shares of the technology company’s stock valued at $40,590,000 after acquiring an additional 40,256 shares during the last quarter. River Road Asset Management LLC lifted its stake in CSG Systems International by 1.2% in the fourth quarter. River Road Asset Management LLC now owns 905,661 shares of the technology company’s stock valued at $39,686,000 after acquiring an additional 11,144 shares during the last quarter. State Street Corp lifted its stake in CSG Systems International by 12.1% in the second quarter. State Street Corp now owns 872,146 shares of the technology company’s stock valued at $35,389,000 after acquiring an additional 94,287 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in CSG Systems International by 33.1% in the fourth quarter. Schroder Investment Management Group now owns 685,925 shares of the technology company’s stock valued at $30,057,000 after acquiring an additional 170,577 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
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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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