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

CSG Systems International (NASDAQ:CSGS) had its target price decreased by Cantor Fitzgerald from $63.00 to $62.00 in a research report sent to investors on Thursday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the technology company’s stock.

CSGS has been the subject of a number of other reports. Wells Fargo & Company lowered 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 report on Thursday. Royal Bank of Canada started coverage on shares of CSG Systems International in a research note on Wednesday, March 27th. They set an outperform rating and a $61.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $62.50.

CSG Systems International Trading Down 0.8 %

CSGS traded down $0.34 during trading on Thursday, hitting $41.70. The company’s stock had a trading volume of 451,877 shares, compared to its average volume of 239,657. CSG Systems International has a twelve month low of $41.52 and a twelve month high of $69.35. The stock has a market cap of $1.22 billion, a PE ratio of 19.04, a PEG ratio of 1.28 and a beta of 0.83. The firm’s 50 day moving average price is $50.29 and its 200-day moving average price is $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 (NASDAQ:CSGS) last released its earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The firm had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. On average, analysts expect that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio (DPR) is currently 54.79%.

Institutional Trading of CSG Systems International

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in shares of 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 worth $3,523,000 after buying an additional 2,524 shares during the period. Bahl & Gaynor Inc. boosted its holdings in CSG Systems International by 8.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after acquiring an additional 36,488 shares during the period. Boston Trust Walden Corp grew its position in 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 valued at $44,281,000 after acquiring an additional 8,395 shares in the last quarter. LSV Asset Management raised its stake in shares of CSG Systems International by 10.6% during the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after purchasing an additional 134,531 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 14,682 shares in the last quarter. 91.07% of the stock is 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.