Fuller & Thaler Asset Management Inc. Decreases Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Fuller & Thaler Asset Management Inc. cut its holdings in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,141,159 shares of the technology company's stock after selling 152,842 shares during the period. Fuller & Thaler Asset Management Inc. owned about 3.92% of CSG Systems International worth $58,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Amundi grew its stake in shares of CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB increased 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 worth $2,423,000 after purchasing an additional 302 shares in the last quarter. Willis Investment Counsel raised its position in shares of CSG Systems International by 4.3% in the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after purchasing an additional 668 shares during the period. MetLife Investment Management LLC raised its position in shares of CSG Systems International by 6.4% in the fourth quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company's stock valued at $910,000 after purchasing an additional 1,066 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake 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 buying an additional 1,100 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSGS has been the topic of a number of analyst reports. Northland Securities reissued an "outperform" rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Cantor Fitzgerald upped their price target on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. StockNews.com cut shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, CSG Systems International has a consensus rating of "Moderate Buy" and a consensus price target of $70.71.

Insider Transactions at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 in the company, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.05% of the company's stock.

CSG Systems International Price Performance

NASDAQ:CSGS traded up $0.28 during midday trading on Monday, hitting $59.38. The company had a trading volume of 188,386 shares, compared to its average volume of 272,288. The company has a market capitalization of $1.71 billion, a PE ratio of 19.53, a P/E/G ratio of 1.68 and a beta of 0.91. 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 52-week low of $39.56 and a 52-week high of $67.60. The stock's fifty day moving average price is $60.98 and its 200-day moving average price is $56.23.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 39.42% and a net margin of 7.25%. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.32 per share. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, March 19th. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

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.