CSG Systems International CSGS Downgraded by StockNews.com

On November 12th, 2023, CSG Systems International CSGS experienced a shift in its stock rating. Analysts at StockNews.com have revised the company's outlook from a "buy" rating to a "hold" position. This change prompts investors to reassess their stance on CSGS, as it reflects a more cautious perspective on the stock's future performance.

Various Analysts Weigh In

Alongside the rating change by StockNews.com, CSGS has been a point of discussion among several other analysts. Cantor Fitzgerald adjusted their price target for the stock from $68.00 to a lower $63.00, yet maintained an "overweight" rating. Wells Fargo & Co. commenced coverage on CSGS, suggesting an "equal weight" rating and setting a price target of $49.00. In an optimistic turn, Stifel Nicolaus upgraded their view from "hold" to "buy" and increased their price target from $56.00 to $60.00. Meanwhile, Northland Securities enacted a price target hike from $82.00 to $84.00 for CSGS. Overall, the stock now holds a "Moderate Buy" consensus rating among analysts, with an average target price of $67.33.

CSG Systems International Stock Performance

The trading session on Friday saw CSGS stock commence at $49.86. Assessing the company’s financials reveals a debt-to-equity ratio of 2.06, and both a current and quick ratio standing at 1.65. With a market capitalization around $1.48 billion, a P/E ratio placed at 20.69, a PEG ratio of 2.44, and a beta of 0.87, CSGS's financial health appears stable. The 50-day and 200-day moving averages are $51.18 and $51.57, respectively, whereas the stock's 1-year range varies from a low of $46.19 to a high of $69.35.

Institutional Engagement

Investment activity has been notable among institutional stakeholders. Bahl & Gaynor Inc., for example, has increased their shares holding by 8.1% in the third quarter, bringing their total to 484,363 valued at approximately $24.76 million. New York State Teachers Retirement System now possesses 68,910 shares valued at $3.52 million, Boston Trust Walden Corp owns 823,799 shares worth $42.11 million, SG Americas Securities LLC expanded their share count by 112.4%, and Legato Capital Management LLC owns 34,346 shares estimated to be worth $1.76 million. Institutional investors and hedge funds collectively own 91.07% of CSGS stock.

About CSG Systems International

CSG Systems International, Inc. primarily provides comprehensive revenue management, customer experience, and payment solutions tailored for the communications sector in multiple global regions. The company operates out of Greenwood Village, Colorado, and their offerings include a private SaaS-based Advanced Convergent Platform among other crucial tech services for their clientele.

CSGS, Rating, Stocks