Wells Fargo & Company Trims CSG Systems International (NASDAQ:CSGS) Target Price to $50.00

CSG Systems International (NASDAQ:CSGSGet Free Report) had its target price lowered by stock analysts at Wells Fargo & Company from $53.00 to $50.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 6.89% from the company’s current price.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of CSG Systems International in a research report on Friday, December 22nd. StockNews.com raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Finally, Jefferies Financial Group assumed coverage on shares of CSG Systems International in a research report on Friday, December 1st. They issued a “buy” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.40.

Check Out Our Latest Stock Analysis on CSG Systems International

CSG Systems International Stock Performance

Shares of CSGS stock opened at $53.70 on Thursday. The stock has a market cap of $1.59 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.07 and a beta of 0.83. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.65 and a quick ratio of 1.65. The company has a fifty day moving average price of $51.96 and a two-hundred day moving average price of $52.02. CSG Systems International has a one year low of $45.27 and a one year high of $69.35.

CSG Systems International (NASDAQ:CSGSGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 26.36%. As a group, equities analysts predict that CSG Systems International will post 3.2 EPS for the current year.

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds have recently bought and sold shares of CSGS. Captrust Financial Advisors increased its position in CSG Systems International by 208.8% during the third quarter. Captrust Financial Advisors now owns 5,107 shares of the technology company’s stock worth $270,000 after acquiring an additional 3,453 shares during the period. Baird Financial Group Inc. grew its stake in CSG Systems International by 4.5% during the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock worth $302,000 after buying an additional 245 shares in the last quarter. Lazard Asset Management LLC grew its stake in CSG Systems International by 9.2% during the second quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock worth $370,000 after buying an additional 592 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in CSG Systems International during the second quarter worth about $477,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in CSG Systems International by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,396 shares of the technology company’s stock worth $548,000 after buying an additional 562 shares in the last quarter. 91.07% of the stock is owned by 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.

Further Reading

Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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