Stifel Nicolaus Raises CSG Systems International (NASDAQ:CSGS) Price Target to $66.00

CSG Systems International (NASDAQ:CSGS) had its price target upped by Stifel Nicolaus from $60.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 1.76% from the stock’s previous close.

Several other brokerages have also issued reports on CSGS. Cantor Fitzgerald lifted their price target on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. Northland Securities reiterated an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a report on Thursday. Royal Bank of Canada boosted their target price on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Stock Up 5.2 %

NASDAQ CSGS traded up $3.20 during trading on Thursday, reaching $64.86. 231,480 shares of the company’s stock were exchanged, compared to its average volume of 264,865. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $65.30. The firm has a market capitalization of $1.89 billion, a PE ratio of 28.59, a P/E/G ratio of 1.61 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The company’s fifty day simple moving average is $53.54 and its 200-day simple moving average is $50.23.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. Sell-side analysts predict that CSG Systems International will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in CSG Systems International in the 3rd quarter worth approximately $840,000. Boston Trust Walden Corp increased its position in shares of CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares during the period. Geode Capital Management LLC increased its position in shares of CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC increased its position in shares of CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of CSG Systems International during the third quarter valued at approximately $866,000. 91.07% of the stock is owned by 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.