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

CSG Systems International (NASDAQ:CSGS) had its price target lifted by Cantor Fitzgerald from $64.00 to $72.00 in a report released on Thursday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the technology company’s stock. Cantor Fitzgerald also issued estimates for CSG Systems International’s FY2025 earnings at $3.77 EPS.

Several other research firms have also recently commented on CSGS. Northland Securities restated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their target price 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. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

CSG Systems International Trading Up 5.5 %

Shares of CSG Systems International stock opened at $65.06 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 has a market capitalization of $1.89 billion, a P/E ratio of 28.66, a PEG ratio of 1.61 and a beta of 0.89. The company’s fifty day moving average is $53.54 and its two-hundred day moving average is $50.23.

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 net margin of 5.52% and a return on equity of 32.77%. Analysts forecast that CSG Systems International will post 3.44 earnings per share 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. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in CSG Systems International during the fourth quarter worth about $80,000. TD Private Client Wealth LLC grew its holdings in shares of 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 worth $104,000 after buying an additional 586 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of CSG Systems International during the third quarter worth about $294,000. Handelsbanken Fonder AB grew its holdings 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 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 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 during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.