CSG Systems International (NASDAQ:CSGS) Price Target Raised to $69.00

CSG Systems International (NASDAQ:CSGS) had its price objective raised by investment analysts at Royal Bank of Canada from $58.00 to $69.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s target price points to a potential upside of 6.38% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Stifel Nicolaus lifted their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Northland Securities reissued an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Trading Up 5.2 %

NASDAQ:CSGS traded up $3.20 during mid-day trading on Thursday, reaching $64.86. 231,480 shares of the company’s stock traded hands, compared to its average volume of 264,865. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $65.30. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.61 and a beta of 0.89. 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 company has a 50 day moving average price of $53.54 and a 200-day moving average price of $50.23.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side 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

A number of hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised 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 worth $410,000 after acquiring an additional 1,100 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of CSG Systems International by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock worth $8,683,000 after purchasing an additional 5,034 shares in the last quarter. Polaris Capital Management LLC increased its stake in shares of CSG Systems International by 10.7% in the 4th quarter. Polaris Capital Management LLC now owns 33,000 shares of the technology company’s stock worth $1,687,000 after purchasing an additional 3,200 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of CSG Systems International in the 4th quarter worth $1,300,000. Finally, Boston Trust Walden Corp boosted its holdings in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after buying an additional 88,216 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.