25,712 Shares in CSG Systems International, Inc. (NASDAQ:CSGS) Purchased by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,712 shares of the technology company's stock, valued at approximately $1,300,000. Advisors Preferred LLC owned about 0.09% of CSG Systems International at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after buying an additional 88,216 shares during the period. Geode Capital Management LLC grew its position in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock valued at $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in CSG Systems International by 0.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after purchasing an additional 1,420 shares during the period. Dean Investment Associates LLC lifted its position in shares of CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock valued at $2,423,000 after purchasing an additional 302 shares during the period. Hedge funds and other institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSGS. StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Northland Securities reaffirmed an "outperform" rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada increased their target price on shares of CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded down $0.78 during midday trading on Wednesday, reaching $62.32. 247,239 shares of the company were exchanged, compared to its average volume of 290,837. The stock has a fifty day simple moving average of $54.26 and a 200 day simple moving average of $50.80. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The stock has a market cap of $1.81 billion, a P/E ratio of 20.50, a PEG ratio of 1.77 and a beta of 0.89. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $65.53.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, research analysts forecast that CSG Systems International, Inc. will post 3.68 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.32 dividend. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. CSG Systems International's dividend payout ratio (DPR) is 39.47%.

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.