CSG Systems International, Inc. (NASDAQ:CSGS) Given Average Recommendation of “Moderate Buy” by Analysts

CSG Systems International, Inc. (NASDAQ:CSGS – Get Rating) has been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $68.00.

Several equities research analysts have recently issued reports on CSGS shares. Benchmark restated a “buy” rating and issued a $73.00 price objective on shares of CSG Systems International in a research note on Tuesday, January 31st. Stifel Nicolaus cut their price target on CSG Systems International from $60.00 to $56.00 in a report on Thursday, May 4th. StockNews.com started coverage on CSG Systems International in a research report on Thursday. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald began coverage on CSG Systems International in a research report on Tuesday, April 4th. They set an “overweight” rating for the company.

Insider Activity at CSG Systems International

In other CSG Systems International news, COO Kenneth M. Kennedy sold 9,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $49.06, for a total value of $441,540.00. Following the transaction, the chief operating officer now directly owns 185,466 shares of the company’s stock, valued at approximately $9,098,961.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.49% of the stock is owned by company insiders.

Institutional Trading of CSG Systems International

Large investors have recently modified their holdings of the stock. LSV Asset Management boosted its stake in CSG Systems International by 4.7% in the first quarter. LSV Asset Management now owns 1,351,641 shares of the technology company’s stock valued at $72,583,000 after buying an additional 60,900 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in CSG Systems International by 3.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company’s stock worth $72,945,000 after purchasing an additional 42,139 shares during the period. Boston Trust Walden Corp grew its stake in CSG Systems International by 3.1% in the first quarter. Boston Trust Walden Corp now owns 753,077 shares of the technology company’s stock valued at $40,440,000 after acquiring an additional 22,617 shares during the period. Geode Capital Management LLC grew its stake in CSG Systems International by 0.7% in the first quarter. Geode Capital Management LLC now owns 648,661 shares of the technology company’s stock valued at $34,833,000 after acquiring an additional 4,510 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of CSG Systems International by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company’s stock valued at $33,262,000 after buying an additional 22,220 shares during the last quarter. 94.79% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Price Performance

Shares of CSGS stock opened at $49.37 on Monday. The company has a market capitalization of $1.56 billion, a PE ratio of 25.85 and a beta of 0.86. The firm has a fifty day simple moving average of $51.89 and a 200-day simple moving average of $56.15. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.10. CSG Systems International has a twelve month low of $48.18 and a twelve month high of $66.58.

CSG Systems International Company Profile

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CSG Systems International, Inc is a purpose-driven, SaaS platform company, which engages in providing business support solutions serving the communications industry. It focuses on revenue management and digital monetization, customer experience, and payment solutions providers. The company was founded on October 17, 1994 and is headquartered in Englewood, CO.