Willis Investment Counsel reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS – Free Report) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,742 shares of the technology company’s stock after selling 1,597 shares during the period. Willis Investment Counsel owned approximately 0.06% of CSG Systems International worth $988,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. LSV Asset Management increased its holdings in shares of CSG Systems International by 4.7% in the 1st quarter. LSV Asset Management now owns 1,351,641 shares of the technology company’s stock worth $72,583,000 after buying an additional 60,900 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of CSG Systems International by 3.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company’s stock worth $72,945,000 after purchasing an additional 42,139 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of CSG Systems International by 9.7% during the 1st quarter. Bahl & Gaynor Inc. now owns 416,476 shares of the technology company’s stock worth $22,365,000 after purchasing an additional 36,866 shares during the period. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 3.1% during the 1st quarter. Boston Trust Walden Corp now owns 753,077 shares of the technology company’s stock worth $40,440,000 after purchasing an additional 22,617 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of CSG Systems International by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company’s stock worth $33,262,000 after purchasing an additional 22,220 shares during the period. 91.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Stifel Nicolaus raised shares of CSG Systems International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $60.00 in a research note on Thursday, August 3rd. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 11th. Finally, Northland Securities lifted their price target on shares of CSG Systems International from $82.00 to $84.00 in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $73.00.
CSG Systems International Trading Down 0.9 %
CSG Systems International stock traded down $0.50 during trading hours on Friday, hitting $52.70. The company had a trading volume of 849,750 shares, compared to its average volume of 200,101. The firm has a market cap of $1.67 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.68 and a current ratio of 1.68. CSG Systems International, Inc. has a 1 year low of $47.03 and a 1 year high of $69.35. The company has a 50-day moving average price of $53.57 and a two-hundred day moving average price of $52.34.
CSG Systems International (NASDAQ:CSGS – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $265.15 million during the quarter, compared to analysts’ expectations of $275.11 million. CSG Systems International had a net margin of 5.88% and a return on equity of 25.38%. On average, sell-side analysts anticipate that CSG Systems International, Inc. will post 2.79 earnings per share for the current year.
CSG Systems International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a $0.28 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.12 annualized dividend and a dividend yield of 2.13%. CSG Systems International’s payout ratio is presently 51.14%.
CSG Systems International Profile
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, etc.
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