CSG Systems International (NASDAQ:CSGS) Price Target Cut to $48.00

CSG Systems International (NASDAQ:CSGS) had its price target cut by equities research analysts at Wells Fargo & Company from $50.00 to $48.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 15.11% from the stock’s current price.

Other analysts also recently issued reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a report on Thursday, February 8th. Royal Bank of Canada assumed coverage on CSG Systems International in a report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

CSG Systems International Stock Down 0.8 %

Shares of NASDAQ:CSGS traded down $0.34 during trading on Thursday, reaching $41.70. 451,877 shares of the stock were exchanged, compared to its average volume of 239,657. CSG Systems International has a 1-year low of $41.52 and a 1-year high of $69.35. The stock has a fifty day moving average of $50.29 and a two-hundred day moving average of $51.03. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.54. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. Research analysts anticipate that CSG Systems International will post 3.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors have recently made changes to their positions in CSGS. Central Pacific Bank Trust Division purchased a new position in shares of CSG Systems International during the 1st quarter valued at about $190,000. BNP Paribas Financial Markets raised its stake in shares of CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after acquiring an additional 14,682 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of CSG Systems International by 3.8% in the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after acquiring an additional 2,524 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of CSG Systems International by 8.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after purchasing an additional 36,488 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of CSG Systems International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after purchasing an additional 8,395 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.

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.