Legato Capital Management LLC Has $1.95 Million Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Legato Capital Management LLC reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,109 shares of the technology company's stock after selling 8,622 shares during the period. Legato Capital Management LLC owned 0.13% of CSG Systems International worth $1,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position in 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 buying an additional 302 shares during the last quarter. TD Private Client Wealth LLC grew its position in CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after buying an additional 586 shares during the last quarter. Willis Investment Counsel grew its position in CSG Systems International by 4.3% in the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock worth $832,000 after buying an additional 668 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after buying an additional 1,420 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new position in CSG Systems International in the fourth quarter worth approximately $80,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Up 0.9 %

Shares of CSG Systems International stock traded up $0.57 on Friday, hitting $64.15. 482,963 shares of the company traded hands, compared to its average volume of 292,324. The company has a 50-day moving average price of $54.58 and a 200 day moving average price of $50.97. 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 12-month low of $39.56 and a 12-month high of $65.53. The company has a market cap of $1.87 billion, a PE ratio of 21.10, a PEG ratio of 1.77 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted 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%. Sell-side analysts predict that CSG Systems International, Inc. will post 3.68 earnings per share 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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's payout ratio is presently 42.11%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Cantor Fitzgerald lifted their price target 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. Stifel Nicolaus lifted their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.17.

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.