CSG Systems International (NASDAQ:CSGS) Price Target Increased to $64.00 by Analysts at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its price objective boosted by Cantor Fitzgerald from $62.00 to $64.00 in a report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of CSG Systems International from $48.00 to $43.00 and set an equal weight rating for the company in a research note on Tuesday, June 4th. Benchmark reissued a buy rating and set a $75.00 price target on shares of CSG Systems International in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CSG Systems International has a consensus rating of Moderate Buy and a consensus price target of $58.80.

CSG Systems International Trading Down 0.1 %

Shares of CSG Systems International stock traded down $0.05 during trading on Thursday, hitting $46.87. The stock had a trading volume of 218,797 shares, compared to its average volume of 291,521. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $56.15. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74. The firm’s fifty day simple moving average is $42.36 and its 200-day simple moving average is $46.77. The stock has a market cap of $1.39 billion, a PE ratio of 21.40, a PEG ratio of 1.39 and a beta of 0.81.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 14th were issued a $0.30 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. CSG Systems International’s payout ratio is 54.79%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSGS. LSV Asset Management lifted its position in shares of CSG Systems International by 2.1% in the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after purchasing an additional 29,723 shares during the period. Boston Trust Walden Corp lifted its holdings in CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after buying an additional 156,222 shares during the period. Bank of New York Mellon Corp boosted its position in CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after acquiring an additional 173,944 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of CSG Systems International by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after acquiring an additional 24,385 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after acquiring an additional 28,666 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.