Bahl & Gaynor Inc. Has $945,000 Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Bahl & Gaynor Inc. lowered its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 91.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,493 shares of the technology company's stock after selling 200,753 shares during the period. Bahl & Gaynor Inc. owned about 0.06% of CSG Systems International worth $945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGS. Wilmington Savings Fund Society FSB lifted its position in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock worth $2,423,000 after buying an additional 302 shares during the period. TD Private Client Wealth LLC raised its stake in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after acquiring an additional 586 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after acquiring an additional 668 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock valued at $410,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of CSG Systems International by 0.4% in the 4th 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 last quarter. Institutional investors own 91.07% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com lowered shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on shares of CSG Systems International in a report on Friday, February 21st. They issued a "buy" rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.71.

Insider Transactions at CSG Systems International

In other news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the transaction, the director now directly owns 41,561 shares of the company's stock, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.05% of the company's stock.

CSG Systems International Trading Up 1.7 %

Shares of CSGS traded up $1.07 on Friday, reaching $64.11. 373,516 shares of the company's stock were exchanged, compared to its average volume of 241,448. The business has a 50 day moving average price of $58.32 and a two-hundred day moving average price of $53.05. CSG Systems International, Inc. has a 12 month low of $39.56 and a 12 month high of $67.60. The stock has a market capitalization of $1.85 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. Research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

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.