ValuEngine Lowers CSG Systems International (NASDAQ:CSGS) to Hold

ValuEngine lowered shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Several other research analysts have also commented on the company. BidaskClub upgraded CSG Systems International from a hold rating to a buy rating in a research report on Tuesday, July 30th. Zacks Investment Research lowered CSG Systems International from a buy rating to a hold rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $51.00.

CSGS stock traded down $1.23 during midday trading on Thursday, hitting $49.05. 420 shares of the company’s stock were exchanged, compared to its average volume of 194,685. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.14. CSG Systems International has a 12-month low of $30.40 and a 12-month high of $52.72. The business has a 50 day moving average of $49.12. The firm has a market capitalization of $1.67 billion, a PE ratio of 18.72 and a beta of 1.05.

In other news, Director Donald Reed sold 6,800 shares of CSG Systems International stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total value of $313,412.00. Following the completion of the transaction, the director now owns 34,868 shares in the company, valued at approximately $1,607,066.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CSGS. Gresham Partners LLC acquired a new position in CSG Systems International during the 2nd quarter valued at approximately $72,000. O Shaughnessy Asset Management LLC acquired a new position in CSG Systems International during the 1st quarter valued at approximately $124,000. Wedge Capital Management L L P NC acquired a new position in CSG Systems International during the 1st quarter valued at approximately $212,000. Oak Associates Ltd. OH acquired a new position in CSG Systems International during the 1st quarter valued at approximately $222,000. Finally, Raymond James Trust N.A. acquired a new position in CSG Systems International during the 1st quarter valued at approximately $223,000. Institutional investors own 98.48% of the company’s stock.

CSG Systems International Company Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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