CSG Systems International (NASDAQ:CSGS) Given New $65.00 Price Target at Wells Fargo & Company

CSG Systems International (NASDAQ:CSGS) had its price objective upped by Wells Fargo & Company from $51.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 0.95% from the stock’s current price.

CSGS has been the subject of several other reports. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Northland Securities reissued an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research note on Thursday. Cantor Fitzgerald raised their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.17.

CSG Systems International Trading Down 1.0 %

Shares of CSGS 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 company has a market cap of $1.87 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.61 and a beta of 0.89. 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 50 day simple moving average of $53.75 and a 200-day simple moving average of $50.33.

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

Institutional Trading of CSG Systems International

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

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.