CSG Systems International (NASDAQ:CSGS) Receives Overweight Rating from Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGSGet Free Report)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They presently have a $68.00 target price on the technology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 29.38% from the stock’s current price.

A number of other research firms have also commented on CSGS. Northland Securities lifted their target price on CSG Systems International from $82.00 to $84.00 in a report on Thursday, August 3rd. Stifel Nicolaus raised CSG Systems International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $60.00 in a report on Thursday, August 3rd. Finally, StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Monday, September 11th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $72.00.

View Our Latest Research Report on CSG Systems International

CSG Systems International Stock Down 0.3 %

Shares of CSGS traded down $0.14 on Monday, reaching $52.56. The stock had a trading volume of 32,571 shares, compared to its average volume of 199,401. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.68 and a current ratio of 1.68. The company has a 50-day simple moving average of $53.57 and a 200-day simple moving average of $52.31. CSG Systems International has a 12-month low of $47.03 and a 12-month high of $69.35.

CSG Systems International (NASDAQ:CSGSGet Free Report) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $265.15 million during the quarter, compared to analysts’ expectations of $275.11 million. CSG Systems International had a return on equity of 25.38% and a net margin of 5.88%. Sell-side analysts predict that CSG Systems International will post 2.79 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dean Capital Management increased its holdings in CSG Systems International by 2.8% in the 2nd quarter. Dean Capital Management now owns 23,905 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 660 shares during the last quarter. Comerica Bank acquired a new position in shares of CSG Systems International during the second quarter worth about $74,990,000. Teachers Retirement System of The State of Kentucky grew its position in shares of CSG Systems International by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,396 shares of the technology company’s stock valued at $548,000 after purchasing an additional 562 shares during the last quarter. Legato Capital Management LLC raised its stake in CSG Systems International by 2.8% during the second quarter. Legato Capital Management LLC now owns 23,905 shares of the technology company’s stock worth $1,261,000 after purchasing an additional 660 shares during the period. Finally, State of Tennessee Treasury Department raised its stake in shares of CSG Systems International by 4.9% in the 2nd quarter. State of Tennessee Treasury Department now owns 18,263 shares of the technology company’s stock valued at $963,000 after acquiring an additional 851 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

(Get Free Report)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, etc.

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Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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