Wells Fargo & Company Boosts CSG Systems International (NASDAQ:CSGS) Price Target to $51.00

CSG Systems International (NASDAQ:CSGS) had its price objective hoisted by Wells Fargo & Company from $43.00 to $51.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on CSGS. Benchmark reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Cantor Fitzgerald boosted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their target price on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

CSG Systems International Trading Down 0.6 %

Shares of CSGS stock opened at $55.58 on Thursday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The firm has a market cap of $1.64 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. The company has a 50-day moving average of $48.08 and a two-hundred day moving average of $45.19. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 33.26%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, analysts predict that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 2.16%. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of 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 worth $30,665,000 after purchasing an additional 173,944 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of CSG Systems International by 18.9% during the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after acquiring an additional 156,222 shares in the last quarter. Delphi Management Inc. MA purchased a new position in shares of CSG Systems International in the 1st quarter valued at about $1,599,000. LSV Asset Management raised its position in shares of CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after acquiring an additional 29,723 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in CSG Systems International by 116.2% in the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares in the last quarter. Hedge funds and other 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.