CSG Systems International (NASDAQ:CSGS) Now Covered by Oppenheimer

Oppenheimer started coverage on shares of CSG Systems International (NASDAQ:CSGSGet Rating) in a research report sent to investors on Monday, Marketbeat reports. The brokerage issued an outperform rating and a $75.00 price target on the technology company’s stock. Oppenheimer also issued estimates for CSG Systems International’s Q4 2022 earnings at $0.78 EPS, FY2022 earnings at $3.06 EPS, FY2023 earnings at $3.26 EPS, FY2024 earnings at $3.43 EPS, FY2025 earnings at $3.72 EPS and FY2026 earnings at $4.07 EPS.

Several other analysts have also commented on CSGS. TheStreet upgraded shares of CSG Systems International from a c+ rating to a b rating in a research report on Monday, November 7th. Benchmark started coverage on shares of CSG Systems International in a research report on Thursday, August 18th. They issued a buy rating and a $73.00 price target on the stock. Finally, StockNews.com upgraded shares of CSG Systems International from a hold rating to a buy rating in a research report on Tuesday, November 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $74.00.

CSG Systems International Trading Down 0.3 %

Shares of CSG Systems International stock opened at $61.31 on Monday. CSG Systems International has a 12-month low of $51.28 and a 12-month high of $66.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.93 billion, a PE ratio of 47.16 and a beta of 0.87. The company has a 50-day moving average of $58.16 and a two-hundred day moving average of $58.76.

Institutional Trading of CSG Systems International

A number of hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in CSG Systems International during the third quarter worth approximately $553,000. Captrust Financial Advisors boosted its position in CSG Systems International by 208.8% during the third quarter. Captrust Financial Advisors now owns 5,107 shares of the technology company’s stock worth $270,000 after acquiring an additional 3,453 shares during the last quarter. Ashford Capital Management Inc. boosted its position in CSG Systems International by 9.8% during the third quarter. Ashford Capital Management Inc. now owns 360,360 shares of the technology company’s stock worth $19,056,000 after acquiring an additional 32,260 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CSG Systems International by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 497,447 shares of the technology company’s stock worth $26,304,000 after acquiring an additional 5,586 shares during the last quarter. Finally, Credit Suisse AG boosted its position in CSG Systems International by 6.2% during the third quarter. Credit Suisse AG now owns 34,839 shares of the technology company’s stock worth $1,841,000 after acquiring an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

CSG Systems International Company Profile

(Get Rating)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc.

Further Reading

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