Dean Investment Associates LLC Sells 29,327 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Dean Investment Associates LLC lowered its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,921 shares of the technology company's stock after selling 29,327 shares during the quarter. Dean Investment Associates LLC owned approximately 0.31% of CSG Systems International worth $4,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new position in CSG Systems International during the fourth quarter worth about $80,000. Handelsbanken Fonder AB boosted its position in shares of CSG Systems International by 15.9% during the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock valued at $410,000 after acquiring an additional 1,100 shares during the last quarter. Willis Investment Counsel grew 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 worth $832,000 after purchasing an additional 668 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of CSG Systems International in the fourth quarter worth approximately $925,000. Finally, Amundi raised its stake in CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.

Insider Transactions at CSG Systems International

In related 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 value of $599,580.00. Following the sale, the director now owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.05% of the company's stock.

CSG Systems International Trading Down 0.1 %

Shares of CSG Systems International stock traded down $0.08 on Tuesday, hitting $58.99. The stock had a trading volume of 84,587 shares, compared to its average volume of 270,486. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $67.60. The stock's 50-day simple moving average is $61.38 and its two-hundred day simple moving average is $55.94. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.68 and a beta of 0.91.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (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%. As a group, sell-side analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a $0.32 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.17%. 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%.

Wall Street Analyst Weigh In

CSGS has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Northland Securities restated an "outperform" rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a report on Tuesday. Cantor Fitzgerald raised their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.71.

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.