The stock of CSG Systems International, Inc. (NASDAQ:CSGS) is a huge mover today! About 558,554 shares traded hands or 235.66% up from the average. CSG Systems International, Inc. (NASDAQ:CSGS) has declined 20.18% since April 1, 2016 and is downtrending. It has underperformed by 21.39% the S&P500.
The move comes after 6 months positive chart setup for the $1.35B company. It was reported on Nov, 3 by Barchart.com. We have $69.97 PT which if reached, will make NASDAQ:CSGS worth $918.00 million more.
CSG Systems International, Inc. (NASDAQ:CSGS) Ratings Coverage
Out of 2 analysts covering CSG Systems (NASDAQ:CSGS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CSG Systems has been the topic of 4 analyst reports since November 5, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by First Analysis on Thursday, November 5. The stock of CSG Systems International, Inc. (NASDAQ:CSGS) earned “Buy” rating by Stifel Nicolaus on Thursday, March 17. The firm has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. The company was maintained on Thursday, September 22 by Stifel Nicolaus.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.43, from 1.3 in 2016Q1. The ratio worsened, as 21 funds sold all CSG Systems International, Inc. shares owned while 81 reduced positions. 24 funds bought stakes while 65 increased positions. They now own 31.44 million shares or 17.53% less from 38.12 million shares in 2016Q1.
State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Dimensional Fund L P last reported 0.03% of its portfolio in the stock. Mount Lucas Mgmt Lp last reported 4,718 shares in the company. Blair William & Company Il, a Illinois-based fund reported 9,418 shares. C M Bidwell Associates Ltd last reported 1,040 shares in the company. Moreover, Susquehanna Interest Gru Limited Liability Partnership has 0% invested in CSG Systems International, Inc. (NASDAQ:CSGS) for 58,138 shares. Metropolitan Life Co Ny, a New York-based fund reported 22,528 shares. Invesco Ltd accumulated 257,831 shares or 0% of the stock. Moreover, Ubs Asset Mgmt Americas Inc has 0% invested in CSG Systems International, Inc. (NASDAQ:CSGS) for 15,699 shares. Balyasny Asset Mgmt Ltd Liability has invested 0% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS). Eqis Mngmt holds 6,276 shares or 0.02% of its portfolio. Blackrock Institutional Trust Communications Na has 0.01% invested in the company for 812,484 shares. Usa Financial Portformulas Corp reported 9,095 shares or 0.1% of all its holdings. Ladenburg Thalmann Financial Ser Inc, a Florida-based fund reported 693 shares. Spark Inv Ltd Limited Liability Company holds 0.08% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS) for 20,900 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 3 sales for $803,472 net activity. Ruble Joseph Thomas also sold $588,851 worth of CSG Systems International, Inc. (NASDAQ:CSGS) on Wednesday, May 11. The insider Johns Rolland B sold $44,301. 4,000 shares were sold by Kennedy Kenneth M, worth $170,320.
More news for CSG Systems International, Inc. (NASDAQ:CSGS) were recently published by: Forbes.com, which released: “CSG Systems International Enters Oversold Territory” on October 20, 2016. Businesswire.com‘s article titled: “CSG Systems International to Hold Third Quarter Earnings Conference Call” and published on September 20, 2016 is yet another important article.
CSGS Company Profile
CSG Systems International, Inc. (CSG), incorporated on October 17, 1994, is a well-known provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the 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, content management and monetization, convergent rating and billing, mediation and data management, wholesale settlement and routing, customer interaction management, business intelligence, and content management and monetization.
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