CSG Systems International (NASDAQ:CSGS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CSG Systems International (NASDAQ:CSGS) had its price objective increased by research analysts at Royal Bank of Canada from $58.00 to $69.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s target price points to a potential upside of 7.16% from the stock’s previous close.

CSGS has been the topic of several other research reports. Stifel Nicolaus boosted their target price on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. 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 note on Thursday. Wells Fargo & Company upped their price objective on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. Cantor Fitzgerald upped their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, CSG Systems International currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Trading Down 1.0 %

NASDAQ CSGS opened at $64.39 on Thursday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.61 and a beta of 0.89. The stock’s 50 day moving average price is $53.75 and its two-hundred day moving average price is $50.33. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $65.53.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating 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%. As a group, analysts anticipate that CSG Systems International will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSGS. Independence Bank of Kentucky acquired a new position in CSG Systems International in the 4th quarter valued at $80,000. TD Private Client Wealth LLC grew 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 buying an additional 586 shares in the last quarter. Quantbot Technologies LP acquired a new position in CSG Systems International in the 3rd quarter valued at $294,000. Handelsbanken Fonder AB grew its holdings in CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after buying an additional 1,100 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.