CSG Systems International (NASDAQ:CSGS – Get a Free Report) The price target was raised by investment analysts at Cantor Fitzgerald from $62.00 to $64.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “Overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price target would imply a potential upside of 36.55% from the stock’s last closing price.
A number of other brokerage firms have also issued reports on CSGS. Wells Fargo & Company cut their price target on CSG Systems International from $48.00 to $43.00 and issued an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Benchmark reiterated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday. One investment analyst has rated the stock with a “hold” rating and five have given the company a “buy” rating. The stock has a consensus rating of “moderate buy” and a consensus price target of $58.80, according to data from MarketBeat.
Check out our latest report on CSG Systems International
Price development of CSG Systems International shares
CSGS stock traded down $0.05 on Thursday, reaching $46.87. 218,802 shares of the company traded hands, compared to an average volume of 291,521. The stock’s 50-day moving average is $42.44 and its 200-day moving average is $46.73. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $1.39 billion, a P/E ratio of 21.40, a PEG ratio of 1.39 and a beta of 0.81. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $56.15.
CSG Systems International (NASDAQ:CSGS – Get Free Report) last released its quarterly earnings results on Wednesday, August 7. The technology company reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.91 by $0.11. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The company had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. During the same period last year, the company generated earnings per share of $0.61. CSG Systems International’s quarterly revenue grew 1.4% compared to the same quarter last year. On average, equities analysts expect that CSG Systems International will report earnings per share of $3.29 for the current fiscal year.
Institutional investors comment on CSG Systems International
A number of institutional investors and hedge funds have recently added to or reduced their holdings in the company. Bahl & Gaynor Inc. increased its holdings in shares of CSG Systems International by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after purchasing an additional 24,385 shares during the same period. LSV Asset Management increased its holdings in shares of CSG Systems International by 2.1% in the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares during the same period. Lazard Asset Management LLC increased its holdings in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares during the period. Quantbot Technologies LP increased its holdings in shares of CSG Systems International by 31.8% in the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after purchasing an additional 4,590 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.
About CSG Systems International
(Get free report)
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, Middle East, Africa and Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform, and related solutions including service technician management, analytics, e-invoicing, etc.
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