CSG Systems International (NASDAQ:CSGS) Earns "Outperform" Rating from Northland Securities

CSG Systems International (NASDAQ:CSGS - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Northland Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $80.00 price target on the technology company's stock, up from their prior price target of $78.00. Northland Securities' price target suggests a potential upside of 26.09% from the company's current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Benchmark reaffirmed a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a research note 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. Finally, Royal Bank of Canada raised 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Price Performance

NASDAQ:CSGS traded down $0.94 during mid-day trading on Thursday, reaching $63.45. The stock had a trading volume of 237,425 shares, compared to its average volume of 286,323. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $65.53. The stock has a market capitalization of $1.85 billion, a PE ratio of 20.87, a P/E/G ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The stock has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $50.55.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued 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 return on equity of 39.42% and a net margin of 7.25%. On average, equities analysts anticipate that CSG Systems International will post 3.68 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CSGS. Boston Trust Walden Corp grew its position in shares of 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 buying an additional 88,216 shares during the last quarter. Geode Capital Management LLC boosted 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 increased its position in CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock valued at $19,901,000 after purchasing an additional 1,420 shares during the period. New York State Common Retirement Fund raised its holdings in 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 worth $8,683,000 after purchasing an additional 5,034 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its position in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock worth $5,801,000 after purchasing an additional 64,066 shares during the period. 91.07% of the stock is owned by 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.