Cantor Fitzgerald Forecasts Strong Price Appreciation for CSG Systems International (NASDAQ:CSGS) Stock

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

Several other research firms also recently issued reports on CSGS. Royal Bank of Canada boosted their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of 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, Northland Securities reissued an “outperform” rating and issued a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. One equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Trading Down 1.0 %

NASDAQ CSGS opened at $64.39 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $1.87 billion, a P/E ratio of 28.37, a PEG ratio of 1.61 and a beta of 0.89. The firm’s 50-day moving average is $53.75 and its two-hundred day moving average is $50.33. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $65.53.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. On average, sell-side analysts anticipate that CSG Systems International will post 3.44 earnings per share for the current year.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in CSG Systems International in the fourth quarter valued at $80,000. TD Private Client Wealth LLC increased its holdings in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the 3rd quarter worth about $294,000. Handelsbanken Fonder AB lifted its stake in CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock worth $410,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its holdings in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

About CSG Systems International

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.