CSG Systems International (NASDAQ:CSGS) Price Target Cut to $43.00 by Analysts at Wells Fargo & Company

CSG Systems International (NASDAQ:CSGSGet Free Report) had its target price dropped by equities researchers at Wells Fargo & Company from $48.00 to $43.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 3.09% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada initiated coverage on CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price for the company. Cantor Fitzgerald dropped their target price on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

Read Our Latest Research Report on CSG Systems International

CSG Systems International Stock Performance

NASDAQ CSGS traded down $0.60 during trading hours on Tuesday, hitting $41.71. 113,088 shares of the stock were exchanged, compared to its average volume of 316,070. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.98. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. CSG Systems International has a 12-month low of $41.27 and a 12-month high of $69.35. The stock has a 50-day moving average of $46.07 and a 200 day moving average of $50.00.

CSG Systems International (NASDAQ:CSGSGet Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. The company had revenue of $270.07 million for the quarter, compared to analysts’ expectations of $271.66 million. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. As a group, equities research analysts forecast that CSG Systems International will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in CSG Systems International in the first quarter valued at $190,000. Sciencast Management LP purchased a new stake in CSG Systems International during the first quarter valued at about $233,000. EMC Capital Management increased its stake in CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of CSG Systems International by 31.8% in the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after purchasing an additional 4,590 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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