CSG Systems International (NASDAQ:CSGS) Given New $72.00 Price Target at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its price target raised by analysts at Cantor Fitzgerald from $64.00 to $72.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 16.77% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Northland Securities reaffirmed an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research note on Thursday. Royal Bank of Canada increased their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CSG Systems International currently has an average rating of “Moderate Buy” and a consensus target price of $67.20.

CSG Systems International Stock Up 2.8 %

CSG Systems International stock opened at $61.66 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $1.79 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The business has a 50 day simple moving average of $53.40 and a 200-day simple moving average of $50.15. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $64.48.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. On average, analysts anticipate that CSG Systems International will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds have recently modified their holdings of CSGS. Independence Bank of Kentucky purchased a new stake in CSG Systems International in the fourth quarter valued at $80,000. TD Private Client Wealth LLC increased its holdings in CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of CSG Systems International in the 3rd quarter valued at $294,000. Handelsbanken Fonder AB increased its stake in CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock worth $410,000 after purchasing an additional 1,100 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.