CSG Systems International (NASDAQ:CSGS - Get Free Report) had its price target dropped by stock analysts at Wells Fargo & Company from $65.00 to $58.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price target would indicate a potential downside of 1.86% from the stock's previous close.
CSGS has been the topic of a number of other research reports. Jefferies Financial Group assumed coverage on CSG Systems International in a research note on Friday, February 21st. They issued a "buy" rating and a $75.00 price target on the stock. StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Cantor Fitzgerald upped their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus increased their target price on CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.71.
Get Our Latest Analysis on CSG Systems International
CSG Systems International Stock Performance
CSG Systems International stock traded up $0.41 during midday trading on Tuesday, reaching $59.10. 159,534 shares of the stock traded hands, compared to its average volume of 272,625. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $67.60. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.68 and a beta of 0.91. The firm has a fifty day moving average price of $60.98 and a two-hundred day moving average price of $56.17.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly 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 39.42% and a net margin of 7.25%. On average, equities research analysts forecast that CSG Systems International will post 3.83 earnings per share for the current year.
Insider Activity
In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the transaction, the director now owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.05% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On CSG Systems International
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in CSG Systems International during the first quarter valued at approximately $48,000. Independence Bank of Kentucky acquired a new position in shares of CSG Systems International during the 4th quarter worth $80,000. Praxis Investment Management Inc. acquired a new position in shares of CSG Systems International during the 1st quarter worth $206,000. SG Americas Securities LLC bought a new position in shares of CSG Systems International during the 1st quarter valued at $315,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of CSG Systems International by 20.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after purchasing an additional 1,064 shares during the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.
About CSG Systems International
(
Get Free Report)
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.
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