Northland Securities Reiterates “Outperform” Rating for CSG Systems International (NASDAQ:CSGS)

CSG Systems International (NASDAQ:CSGS)‘s stock had its “outperform” rating restated by equities researchers at Northland Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $80.00 target price on the technology company’s stock, up from their prior target price of $78.00. Northland Securities’ price objective indicates a potential upside of 29.74% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note 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, Wells Fargo & Company raised their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.60.

CSG Systems International Stock Performance

CSG Systems International stock opened at $61.66 on Thursday. The business has a 50 day moving average of $53.40 and a 200-day moving average of $50.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $64.48. The company has a market capitalization of $1.79 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.61 and a beta of 0.89.

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

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently made changes to their positions in the stock. Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 9.0% during 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 buying an additional 88,216 shares in the last quarter. Geode Capital Management LLC increased its position in CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 1,420 shares during the period. New York State Common Retirement Fund boosted its stake in shares of CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after purchasing an additional 5,034 shares in the last quarter. Finally, Dean Investment Associates LLC raised its stake 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 in the last quarter. 91.07% of the stock is currently 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.