CSG Systems International (NASDAQ:CSGS) Given New $62.00 Price Target at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its target price dropped by investment analysts 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 objective points to a potential upside of 40.88% from the company’s current price.

Several other analysts have also issued reports on the company. Wells Fargo & Company cut their price target on CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday. Royal Bank of Canada started coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CSG Systems International has a consensus rating of “Moderate Buy” and an average target price of $62.50.

CSG Systems International Stock Down 4.0 %

CSG Systems International stock traded down $1.81 during mid-day trading on Thursday, hitting $44.01. The company had a trading volume of 423,446 shares, compared to its average volume of 277,395. The company has a market capitalization of $1.29 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.83. The stock’s 50 day moving average price is $50.74 and its two-hundred day moving average price is $51.16. CSG Systems International has a 12 month low of $42.40 and a 12 month high of $69.35. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. As a group, sell-side analysts anticipate that CSG Systems International will post 3.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after acquiring an additional 1,644 shares during the last quarter. New York State Teachers Retirement System boosted its stake 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 period. Boston Trust Walden Corp increased its position in CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after acquiring an additional 8,395 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of CSG Systems International by 5.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after acquiring an additional 24,385 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of 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 worth $74,955,000 after acquiring an additional 134,531 shares during the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

About CSG Systems International

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.