CSG Systems International (NASDAQ:CSGS) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

CSG Systems International (NASDAQ:CSGS) had its target price upped by equities researchers at Cantor Fitzgerald from $64.00 to $72.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 16.77% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company increased their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Northland Securities restated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.20.

CSG Systems International Price Performance

CSG Systems International stock opened at $61.66 on Thursday. The company has a fifty day simple moving average of $53.40 and a 200-day simple moving average of $50.15. The stock has a market cap of $1.79 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $64.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. Equities analysts expect that CSG Systems International will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after acquiring an additional 1,100 shares during the period. New York State Common Retirement Fund grew its holdings in shares of CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock worth $8,683,000 after purchasing an additional 5,034 shares during the period. Polaris Capital Management LLC increased its position in CSG Systems International by 10.7% during the 4th quarter. Polaris Capital Management LLC now owns 33,000 shares of the technology company’s stock worth $1,687,000 after purchasing an additional 3,200 shares in the last quarter. Advisors Preferred LLC purchased a new position in CSG Systems International in the fourth quarter valued at approximately $1,300,000. Finally, Boston Trust Walden Corp lifted its position in CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after buying an additional 88,216 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.