CSG Systems International (CSGS) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 49 from a previous price target of $47 . Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on CSG Systems International. Company shares were Reiterated by Stifel on Mar 17, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $43 .
On the company’s financial health, CSG Systems International reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $186.20 million for the quarter, compared to analysts expectations of $187.50 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
CSG Systems International closed down -0.25 points or -0.56% at $44.02 with 1,61,590 shares getting traded on Wednesday. Post opening the session at $44.05, the shares hit an intraday low of $43.95 and an intraday high of $44.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 5, 2016, Rolland B Johns (Chief Accounting Officer) sold 2,305 shares at $45.75 per share price. According to the SEC, on Mar 16, 2016, Donald V Smith (director) sold 10,000 shares at $39.20 per share price. On Dec 8, 2015, Peter E Kalan (CEO) sold 4,214 shares at $35.57 per share price, according to the Form-4 filing with the securities and exchange commission.
CSG Systems International Inc. (CSG) is a provider of business support solutions primarily to the communications industry. The Company’s solutions coordinate and manage many aspects of a service provider’s customer interactions from the initial activation of customer accounts to the support of various service activities and through the presentment collection and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing convergent rating and billing mediation and data management wholesale settlement and routing customer interaction management business intelligence and content management and monetization.