Hillsdale Investment Management Inc. Invests $4.22 Million in CSG Systems International, Inc. (NASDAQ:CSGS)

Hillsdale Investment Management Inc. purchased a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 82,600 shares of the technology company's stock, valued at approximately $4,222,000. Hillsdale Investment Management Inc. owned approximately 0.28% of CSG Systems International at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Trust Walden Corp lifted its holdings in CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after buying an additional 88,216 shares during the period. Advisors Preferred LLC bought a new stake in shares of CSG Systems International during the 4th quarter valued at about $1,300,000. River Road Asset Management LLC grew its stake in CSG Systems International by 18.7% during the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after purchasing an additional 16,519 shares during the period. Geode Capital Management LLC grew its stake in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Finally, Dean Investment Associates LLC increased its holdings in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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CSG Systems International Stock Down 1.3 %

Shares of CSGS stock traded down $0.81 on Thursday, hitting $60.85. The stock had a trading volume of 192,213 shares, compared to its average volume of 243,296. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The business has a 50 day moving average of $60.90 and a 200 day moving average of $54.26. CSG Systems International, Inc. has a 12-month low of $39.56 and a 12-month high of $67.60. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85.

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 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%. As a group, analysts expect 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 will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.10%. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 19th. CSG Systems International's payout ratio is currently 42.11%.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction 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 represents a 17.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Cantor Fitzgerald increased their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus upped their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.71.

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.