Royal Bank of Canada Raises CSG Systems International (NASDAQ:CSGS) Price Target to $58.00

CSG Systems International (NASDAQ:CSGS) had its price objective increased by research analysts at Royal Bank of Canada from $52.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.36% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company upped their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday. 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. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday. Finally, Cantor Fitzgerald upped their target price 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.60.

CSG Systems International Trading Down 0.6 %

CSGS stock traded down $0.35 during mid-day trading on Thursday, reaching $55.58. 387,457 shares of the stock traded hands, compared to its average volume of 268,877. CSG Systems International has a one year low of $39.56 and a one year high of $57.15. The stock has a market capitalization of $1.64 billion, a PE ratio of 25.03, a PEG ratio of 1.39 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. The business has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $45.19.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. Equities research analysts expect that CSG Systems International will post 3.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CSGS. Boston Trust Walden Corp grew its stake in CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after purchasing an additional 156,222 shares during the last quarter. LSV Asset Management grew 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 buying an additional 29,723 shares during the last quarter. Lazard Asset Management LLC grew 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 buying an additional 28,666 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of CSG Systems International during the 3rd quarter worth approximately $840,000. Finally, Quantbot Technologies LP lifted its position in CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after acquiring an additional 4,590 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

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.