Stifel Nicolaus Forecasts Strong Price Appreciation for CSG Systems International (NASDAQ:CSGS) Stock

CSG Systems International (NASDAQ:CSGS) had its price target increased by equities researchers at Stifel Nicolaus from $60.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 2.50% from the stock’s previous close.

A number of other research analysts also recently commented on the company. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Northland Securities restated an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. 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. Wells Fargo & Company upped their target price on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Trading Down 1.0 %

CSG Systems International stock opened at $64.39 on Thursday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $65.53. The firm’s 50-day moving average is $53.75 and its 200-day moving average is $50.33. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $1.87 billion, a P/E ratio of 28.37, a PEG ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating 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%. On average, equities analysts expect that CSG Systems International will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Trust Walden Corp lifted its holdings in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after acquiring an additional 88,216 shares during the last quarter. Dean Investment Associates LLC grew its position in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after buying an additional 64,066 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of CSG Systems International in the fourth quarter valued at $1,300,000. Martingale Asset Management L P acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at $866,000. Finally, SG Americas Securities LLC bought a new stake in shares of CSG Systems International during the 3rd quarter worth $840,000. 91.07% of the stock is currently 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.