CSG Systems International (NASDAQ:CSGS – Free Report) had its target price upped by Cantor Fitzgerald from $62.00 to $64.00 in a report issued on Thursday morning, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the technology company’s stock.
Several other brokerages have also recently commented on CSGS. Wells Fargo & Company cut their price target on shares of CSG Systems International from $48.00 to $43.00 and set an equal weight rating on the stock in a research report on Tuesday, June 4th. Benchmark reaffirmed a buy rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $58.80.
Get Our Latest Research Report on CSGS
CSG Systems International Stock Down 0.1 %
CSG Systems International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. CSG Systems International’s payout ratio is 54.79%.
Institutional Investors Weigh In On CSG Systems International
Large investors have recently added to or reduced their stakes in the business. EMC Capital Management raised its position in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after purchasing an additional 1,056 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of CSG Systems International by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 1,644 shares in the last quarter. SG Americas Securities LLC grew its position in CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of CSG Systems International during the first quarter worth $190,000. Finally, Sciencast Management LP bought a new stake in shares of CSG Systems International during the first quarter worth about $233,000. Institutional investors own 91.07% of the company’s stock.
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.
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