CSG Systems International (NASDAQ:CSGS) Price Target Cut to $62.00 by Analysts at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its price target decreased by Cantor Fitzgerald from $63.00 to $62.00 in a research report sent to investors on Thursday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada started coverage on shares of CSG Systems International in a research note on Wednesday, March 27th. They issued an outperform rating and a $61.00 price target for the company. Wells Fargo & Company lowered their price target on CSG Systems International from $50.00 to $48.00 and set an equal weight rating for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International has a consensus rating of Moderate Buy and a consensus target price of $62.50.

CSG Systems International Stock Down 0.8 %

Shares of CSGS traded down $0.34 during mid-day trading on Thursday, hitting $41.70. 451,877 shares of the company’s stock were exchanged, compared to its average volume of 239,657. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.54 and a current ratio of 1.74. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.29 and a beta of 0.83. The stock’s 50-day moving average is $50.29 and its 200-day moving average is $51.03. CSG Systems International has a fifty-two week low of $41.52 and a fifty-two week high of $69.35.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The business had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. On average, sell-side analysts anticipate that CSG Systems International will post 3.26 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, March 14th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System lifted its stake 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 period. Bahl & Gaynor Inc. lifted its position in CSG Systems International by 8.1% in the third 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 during the period. Boston Trust Walden Corp boosted its holdings in CSG Systems International by 1.0% in 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 in the last quarter. LSV Asset Management increased its position in CSG Systems International by 10.6% during the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after purchasing an additional 134,531 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of CSG Systems International by 48.6% during the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after buying an additional 14,682 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.