Benchmark Reiterates “Buy” Rating for CSG Systems International (NASDAQ:CSGS)

CSG Systems International (NASDAQ:CSGS)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $75.00 price objective on the technology company’s stock. Benchmark’s price target suggests a potential upside of 46.80% from the stock’s current price.

Several other analysts have also recently weighed in on CSGS. Royal Bank of Canada dropped their price objective on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald increased their price target on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CSG Systems International has a consensus rating of “Buy” and a consensus price target of $58.80.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $51.09 on Tuesday. The stock has a 50 day simple moving average of $47.78 and a 200 day simple moving average of $45.07. The stock has a market cap of $1.51 billion, a P/E ratio of 23.01, a PEG ratio of 1.36 and a beta of 0.82. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On CSG Systems International

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after buying an additional 173,944 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after acquiring an additional 156,222 shares during the last quarter. Delphi Management Inc. MA acquired a new stake in shares of CSG Systems International in the 1st quarter valued at approximately $1,599,000. LSV Asset Management grew its holdings in shares of CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after purchasing an additional 28,666 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.