Great Lakes Advisors LLC Sells 4,888 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Great Lakes Advisors LLC decreased its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,965 shares of the technology company's stock after selling 4,888 shares during the period. Great Lakes Advisors LLC owned about 0.42% of CSG Systems International worth $6,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CSGS. River Road Asset Management LLC raised its stake in shares of CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock valued at $5,355,000 after purchasing an additional 16,519 shares in the last quarter. Amundi lifted its holdings 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. 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 in the last quarter. New York State Common Retirement Fund raised its position in CSG Systems International by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company's stock worth $8,683,000 after purchasing an additional 5,034 shares in the last quarter. Finally, Polaris Capital Management LLC raised its holdings in shares of CSG Systems International by 10.7% in the 4th quarter. Polaris Capital Management LLC now owns 33,000 shares of the technology company's stock worth $1,687,000 after buying an additional 3,200 shares in the last quarter. Institutional investors own 91.07% of the company's stock.

Remove Ads

CSG Systems International Price Performance

NASDAQ:CSGS traded up $0.48 during mid-day trading on Monday, reaching $61.15. 321,802 shares of the company were exchanged, compared to its average volume of 241,361. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The stock has a market cap of $1.76 billion, a PE ratio of 20.12, a PEG ratio of 1.68 and a beta of 0.85. CSG Systems International, Inc. has a 12 month low of $39.56 and a 12 month high of $67.60. The company has a fifty day moving average of $59.30 and a 200 day moving average of $53.57.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly 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%. On average, research analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.32 dividend. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

Insider Transactions at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Northland Securities reiterated an "outperform" rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. StockNews.com cut shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus boosted their price target 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. Finally, Jefferies Financial Group began coverage on shares of CSG Systems International in a report on Friday, February 21st. They set a "buy" rating and a $75.00 price objective for the company. One equities 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, CSG Systems International presently has an average rating of "Moderate Buy" and an average price target of $71.71.

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.