Boston Trust Walden Corp Has $54.46 Million Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Boston Trust Walden Corp boosted its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,065,484 shares of the technology company's stock after acquiring an additional 88,216 shares during the period. Boston Trust Walden Corp owned approximately 3.66% of CSG Systems International worth $54,457,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in CSG Systems International during the fourth quarter worth about $80,000. TD Private Client Wealth LLC boosted its stake in CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock valued at $104,000 after buying an additional 586 shares in the last quarter. Quantbot Technologies LP bought a new stake in CSG Systems International in the third quarter valued at $294,000. Cornercap Investment Counsel Inc. raised its stake in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company's stock worth $513,000 after acquiring an additional 3,001 shares in the last quarter. Finally, 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. Institutional investors own 91.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSGS. 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. Royal Bank of Canada raised their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a report on Thursday. Wells Fargo & Company boosted their target price on CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday. Northland Securities reaffirmed an "outperform" rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a report on Thursday. Finally, StockNews.com lowered CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.17.

CSG Systems International Trading Up 5.5 %

CSGS traded up $3.40 during mid-day trading on Thursday, reaching $65.06. The stock had a trading volume of 743,106 shares, compared to its average volume of 286,350. The firm's fifty day simple moving average is $53.54 and its two-hundred day simple moving average is $50.23. The stock has a market capitalization of $1.89 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.61 and a beta of 0.89. CSG Systems International, Inc. has a 52 week low of $39.56 and a 52 week high of $65.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

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 return on equity of 32.77% and a net margin of 5.52%. On average, equities analysts predict that CSG Systems International, Inc. will post 3.44 EPS for the current 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 issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's dividend payout ratio is currently 52.86%.

About CSG Systems International

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.