Notable Price Action: CSG Systems International, Inc. Declines A lot Today, Is Now One of The Worst Performer

Notable Price Action: CSG Systems International, Inc. Declines A lot Today, Is Now One of The Worst Performer

The stock of CSG Systems International, Inc. (NASDAQ:CSGS) is a huge mover today! The stock decreased 5.49% or $2.29 during the last trading session, hitting $39.45. About 305,582 shares traded hands or 73.15% up from the average. CSG Systems International, Inc. (NASDAQ:CSGS) has declined 7.92% since April 4, 2016 and is downtrending. It has underperformed by 9.01% the S&P500.
The move comes after 5 months negative chart setup for the $1.28B company. It was reported on Nov, 4 by Barchart.com. We have $36.29 PT which if reached, will make NASDAQ:CSGS worth $102.40 million less.

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. Stifel Nicolaus maintained CSG Systems International, Inc. (NASDAQ:CSGS) rating on Thursday, November 5. Stifel Nicolaus has “Buy” rating and $43 price target. The stock of CSG Systems International, Inc. (NASDAQ:CSGS) earned “Equal-Weight” rating by First Analysis on Thursday, November 5. On Thursday, September 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained CSG Systems International, Inc. (NASDAQ:CSGS) rating on Thursday, March 17. Stifel Nicolaus has “Buy” rating and $7 price target.

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 Q2 2016. 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.
Amer Century Companies accumulated 461,124 shares or 0.02% of the stock. Louisiana State Employees Retirement System accumulated 0.03% or 14,400 shares. Diam has invested 0.03% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS). Raymond James And Associate accumulated 0% or 8,556 shares. Capital One National Association last reported 13,571 shares in the company. Boston Prtn last reported 138,450 shares in the company. Moreover, Eagle Asset Management has 0.09% invested in CSG Systems International, Inc. (NASDAQ:CSGS) for 332,191 shares. Diamond Hill Mngmt has invested 0.01% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS). Northern Tru holds 0.01% or 496,432 shares in its portfolio. Victory Mgmt reported 2,335 shares or 0% of all its holdings. Group Incorporated holds 23,928 shares or 0% of its portfolio. Amp Cap Limited, a Australia-based fund reported 19,200 shares. Spark Inv Mgmt owns 20,900 shares or 0.08% of their US portfolio. Creative Planning owns 510 shares or 0% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky has 0.01% invested in the company for 14,000 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 3 sales for $803,472 net activity. Another trade for 13,977 shares valued at $588,851 was sold by Ruble Joseph Thomas. Johns Rolland B had sold 1,099 shares worth $44,301. Kennedy Kenneth M had sold 4,000 shares worth $170,320.

More recent CSG Systems International, Inc. (NASDAQ:CSGS) news were published by: Forbes.com which released: “CSG Systems International Enters Oversold Territory” on October 20, 2016. Also Businesswire.com published the news titled: “CSG Systems International to Hold Third Quarter Earnings Conference Call” on September 20, 2016. Nasdaq.com‘s news article titled: “CSG Systems International (CSGS) Shares Cross Below 200 DMA” with publication date: November 22, 2015 was also an interesting one.

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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