Cantor Fitzgerald Increases CSG Systems International (NASDAQ:CSGS) Price Target to $72.00

CSG Systems International (NASDAQ:CSGS - Free Report) had its price objective boosted by Cantor Fitzgerald from $64.00 to $72.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the technology company's stock. Cantor Fitzgerald also issued estimates for CSG Systems International's FY2025 earnings at $3.77 EPS.

Several other equities research analysts have also commented on CSGS. StockNews.com lowered CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada boosted their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Benchmark restated a "buy" rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Northland Securities reaffirmed an "outperform" rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday. Finally, Wells Fargo & Company raised their price target 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Price Performance

CSG Systems International stock traded down $0.90 during trading on Thursday, reaching $63.49. The company had a trading volume of 356,669 shares, compared to its average volume of 287,122. The firm has a market capitalization of $1.85 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The firm's 50-day simple moving average is $53.94 and its 200 day simple moving average is $50.55. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $65.53.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data 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 7.25% and a return on equity of 39.42%. As a group, equities research analysts anticipate that CSG Systems International will post 3.68 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.02%. CSG Systems International's payout ratio is presently 39.47%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Trust Walden Corp boosted its holdings in CSG Systems International by 9.0% in 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 purchasing an additional 88,216 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after acquiring an additional 1,420 shares during the period. New York State Common Retirement Fund grew its position in CSG Systems International by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company's stock worth $8,683,000 after acquiring an additional 5,034 shares during the period. Finally, Dean Investment Associates LLC increased its stake in CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock worth $5,801,000 after acquiring an additional 64,066 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.