CSG Systems International (NASDAQ:CSGS) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of CSG Systems International (NASDAQ:CSGSGet Rating) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $75.00 target price 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.

Other equities research analysts have also issued reports about the company. TheStreet raised CSG Systems International from a c+ rating to a b rating in a research report on Monday, November 7th. Benchmark initiated 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 objective on the stock. Finally, StockNews.com upgraded shares of CSG Systems International from a hold rating to a buy rating in a research note on Tuesday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, CSG Systems International presently has a consensus rating of Buy and a consensus target price of $74.00.

CSG Systems International Stock Down 0.3 %

CSGS stock opened at $61.31 on Monday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 47.16 and a beta of 0.87. CSG Systems International has a 1-year low of $51.28 and a 1-year high of $66.58. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a fifty day moving average price of $58.16 and a two-hundred day moving average price of $58.76.

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC acquired a new position in shares of CSG Systems International during the second quarter valued at approximately $371,000. Crossmark Global Holdings Inc. acquired a new position in shares of CSG Systems International during the 1st quarter valued at $212,000. Dupont Capital Management Corp bought a new stake in shares of CSG Systems International in the 2nd quarter worth $464,000. Kendall Capital Management lifted its holdings in shares of CSG Systems International by 1.6% in the first quarter. Kendall Capital Management now owns 57,495 shares of the technology company’s stock valued at $3,655,000 after buying an additional 925 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in CSG Systems International during the second quarter valued at about $122,000. Institutional investors 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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