CSG Systems International (NASDAQ:CSGS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CSG Systems International (NASDAQ:CSGS) had its price target boosted by equities research analysts at Stifel Nicolaus from $60.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 2.50% from the company’s previous close.

CSGS has been the subject of several other research reports. Northland Securities reiterated an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. Cantor Fitzgerald lifted their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada raised their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average target price of $71.17.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $64.39 on Thursday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $65.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The company’s fifty day moving average price is $53.75 and its 200 day moving average price is $50.33. The company has a market capitalization of $1.87 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share 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, research analysts predict that CSG Systems International will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently made changes to their positions in CSGS. Amundi raised its holdings in CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company’s stock valued at $910,000 after acquiring an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of CSG Systems International by 0.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 302 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of 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 in the last quarter. Willis Investment Counsel lifted its position in shares of CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after purchasing an additional 668 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of 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 last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.