Cantor Fitzgerald Cuts CSG Systems International (NASDAQ:CSGS) Price Target to $62.00

CSG Systems International (NASDAQ:CSGS) had its price objective trimmed by Cantor Fitzgerald from $63.00 to $62.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other equities analysts have also weighed in on CSGS. Royal Bank of Canada initiated coverage on CSG Systems International in a research report on Wednesday, March 27th. They set an outperform rating and a $61.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of CSG Systems International from $50.00 to $48.00 and set an equal weight rating for the company in a research report on Thursday. One 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.com, CSG Systems International has a consensus rating of Moderate Buy and an average target price of $62.50.

CSG Systems International Trading Down 0.8 %

Shares of CSG Systems International stock traded down $0.34 on Thursday, hitting $41.70. 451,877 shares of the company’s stock traded hands, compared to its average volume of 239,657. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83. The company has a fifty day moving average of $50.29 and a two-hundred day moving average of $51.02. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.54. CSG Systems International has a one year low of $41.52 and a one year high of $69.35.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. As a group, sell-side analysts expect that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is presently 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several large investors have recently added to or reduced their stakes in the business. Bahl & Gaynor Inc. raised 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 in the last quarter. Boston Trust Walden Corp increased its position in shares of CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the last quarter. New York State Teachers Retirement System raised its stake in CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after purchasing an additional 2,524 shares in the last quarter. BNP Paribas Financial Markets lifted its position in CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in CSG Systems International in the 1st quarter worth approximately $190,000. 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.