Dean Investment Associates LLC Has $5.80 Million Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Dean Investment Associates LLC increased its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 116.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,248 shares of the technology company's stock after purchasing an additional 64,066 shares during the quarter. CSG Systems International makes up 0.8% of Dean Investment Associates LLC's portfolio, making the stock its 27th largest holding. Dean Investment Associates LLC owned approximately 0.41% of CSG Systems International worth $5,801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Comerica Bank lifted its stake in CSG Systems International by 34.9% during the first quarter. Comerica Bank now owns 21,954 shares of the technology company's stock worth $1,132,000 after purchasing an additional 5,676 shares during the period. Wedge Capital Management L L P NC boosted its stake in CSG Systems International by 23.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 28,916 shares of the technology company's stock valued at $1,190,000 after buying an additional 5,451 shares in the last quarter. Boston Trust Walden Corp grew its position in CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock valued at $40,498,000 after acquiring an additional 156,222 shares during the period. Bank of New York Mellon Corp grew its position in CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company's stock valued at $30,665,000 after acquiring an additional 173,944 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new position in CSG Systems International during the second quarter worth $243,000. Institutional investors and hedge funds own 91.07% of the company's stock.

CSG Systems International Price Performance

CSGS traded down $0.56 during midday trading on Friday, hitting $54.26. The company had a trading volume of 135,682 shares, compared to its average volume of 238,649. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a market capitalization of $1.58 billion, a PE ratio of 23.90, a P/E/G ratio of 1.58 and a beta of 0.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The firm's 50-day simple moving average is $51.17 and its 200-day simple moving average is $46.69.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same quarter last year, the business posted $0.74 earnings per share. CSG Systems International's revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that CSG Systems International, Inc. will post 3.48 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, December 18th. CSG Systems International's dividend payout ratio is 52.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CSGS shares. Benchmark reaffirmed a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, CSG Systems International currently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

CSG Systems International 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.