CSG Systems International (NASDAQ:CSGS) Price Target Raised to $72.00 at Cantor Fitzgerald

CSG Systems International (NASDAQ:CSGS) had its price objective upped by equities researchers at Cantor Fitzgerald from $64.00 to $72.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 11.82% from the stock’s previous close. Cantor Fitzgerald also issued estimates for CSG Systems International’s FY2025 earnings at $3.77 EPS.

CSGS has been the subject of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Northland Securities reiterated an “outperform” rating and issued a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research note on Thursday. Wells Fargo & Company upped their price target on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, CSG Systems International has a consensus rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Stock Down 1.0 %

Shares of NASDAQ CSGS opened at $64.39 on Thursday. The business has a 50-day moving average price of $53.75 and a 200 day moving average price of $50.33. The stock has a market cap of $1.87 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $65.53.

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

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently made changes to their positions in the stock. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 9.0% in 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. SG Americas Securities LLC acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at approximately $840,000. Geode Capital Management LLC boosted its stake in shares of CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Dean Investment Associates LLC grew its holdings in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after acquiring an additional 64,066 shares during the period. Finally, Martingale Asset Management L P purchased a new position in CSG Systems International in the 3rd quarter valued at approximately $866,000. 91.07% of the stock is currently owned by hedge funds and other 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.