CSG Systems International (NASDAQ:CSGS) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of CSG Systems International (NASDAQ:CSGSGet Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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, StockNews.com raised shares of CSG Systems International from a buy rating to a strong-buy rating in a research note on Friday, May 6th.

Shares of NASDAQ CSGS opened at $57.01 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. CSG Systems International has a 52 week low of $42.58 and a 52 week high of $65.95. The firm’s fifty day moving average is $62.98 and its 200 day moving average is $58.52. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 31.15 and a beta of 0.78.

In other CSG Systems International news, CAO David Neil Schaaf sold 1,500 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $61.53, for a total transaction of $92,295.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.35% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Boston Trust Walden Corp increased its position in CSG Systems International by 2.0% during the 1st quarter. Boston Trust Walden Corp now owns 704,618 shares of the technology company’s stock valued at $44,792,000 after purchasing an additional 14,102 shares during the period. Geode Capital Management LLC increased its position in CSG Systems International by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 640,079 shares of the technology company’s stock valued at $36,881,000 after purchasing an additional 4,020 shares during the period. Bank of New York Mellon Corp increased its position in CSG Systems International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 591,960 shares of the technology company’s stock valued at $28,533,000 after purchasing an additional 7,935 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of CSG Systems International by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 210,112 shares of the technology company’s stock valued at $12,107,000 after buying an additional 708 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of CSG Systems International by 1.3% during the 1st quarter. New York State Common Retirement Fund now owns 168,225 shares of the technology company’s stock valued at $10,694,000 after buying an additional 2,163 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Company Profile (Get Rating)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc.

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