CSG Systems International (NASDAQ:CSGS) Price Target Cut to $62.00 by Analysts at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its target price cut by equities researchers at Cantor Fitzgerald from $63.00 to $62.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 48.68% from the stock’s current price.

A number of other research firms also recently issued reports on CSGS. Wells Fargo & Company lowered their price objective on shares of CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank of Canada began coverage on shares of CSG Systems International in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

CSG Systems International Stock Down 0.8 %

CSGS stock traded down $0.34 during trading hours on Thursday, reaching $41.70. 451,877 shares of the stock were exchanged, compared to its average volume of 239,657. The firm’s 50-day moving average is $50.29 and its 200-day moving average is $51.03. CSG Systems International has a 12 month low of $41.52 and a 12 month high of $69.35. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.29 and a beta of 0.83. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.54.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The company had revenue of $273.36 million during the quarter, compared to analysts’ expectations of $273.92 million. On average, equities research analysts expect that CSG Systems International will post 3.26 earnings per share for the current year.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System increased its position in CSG Systems International by 3.8% during the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after buying an additional 2,524 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of CSG Systems International by 8.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after acquiring an additional 36,488 shares during the period. Boston Trust Walden Corp increased its holdings in shares of CSG Systems International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after acquiring an additional 8,395 shares during the last quarter. LSV Asset Management raised its stake in CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after acquiring an additional 134,531 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in CSG Systems International by 48.6% during the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after purchasing an additional 14,682 shares during the last quarter. 91.07% of the stock is owned by 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.