CSG Systems International (NASDAQ:CSGS) Given New $66.00 Price Target at Stifel Nicolaus

CSG Systems International (NASDAQ:CSGS) had its price objective lifted by Stifel Nicolaus from $60.00 to $66.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on CSGS. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company upped their target price on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Northland Securities reiterated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. Finally, Cantor Fitzgerald boosted their target price on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $71.17.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $65.06 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock has a 50 day simple moving average of $53.54 and a 200-day simple moving average of $50.23. The company has a market cap of $1.89 billion, a PE ratio of 28.66, a P/E/G ratio of 1.61 and a beta of 0.89. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $65.53.

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

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.97%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 19th. CSG Systems International’s dividend payout ratio is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new position in CSG Systems International during the fourth quarter worth $80,000. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the period. Quantbot Technologies LP bought a new stake in CSG Systems International during the third quarter valued at about $294,000. Handelsbanken Fonder AB boosted its holdings 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 valued at $410,000 after acquiring an additional 1,100 shares during the period. Finally, Cornercap Investment Counsel Inc. boosted its holdings in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

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.