CSG Systems International, Inc. (NASDAQ:CSGS) Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,383,244 shares of the technology company's stock after selling 61,200 shares during the quarter. LSV Asset Management owned about 4.76% of CSG Systems International worth $70,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSGS. Martingale Asset Management L P raised its stake in CSG Systems International by 32.0% during the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock worth $1,201,000 after purchasing an additional 5,700 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in CSG Systems International during the fourth quarter worth $925,000. Hillsdale Investment Management Inc. purchased a new stake in CSG Systems International in the fourth quarter valued at $4,222,000. River Road Asset Management LLC raised its holdings in CSG Systems International by 18.7% in the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock valued at $5,355,000 after buying an additional 16,519 shares during the period. Finally, Amundi raised its holdings in CSG Systems International by 1.0% in the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 91.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on CSG Systems International in a research note on Friday, February 21st. They set a "buy" rating and a $75.00 target price on the stock. 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 report on Thursday, February 6th. Northland Securities reissued an "outperform" rating and issued a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Royal Bank of Canada boosted 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. Finally, Cantor Fitzgerald raised their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International currently has a consensus rating of "Moderate Buy" and an average target price of $71.71.

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Insiders Place Their Bets

In related news, Director Ronald Cooper sold 9,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the sale, the director now owns 41,561 shares of the company's stock, valued at approximately $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.05% of the company's stock.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded up $0.18 during midday trading on Tuesday, reaching $59.72. 228,482 shares of the company were exchanged, compared to its average volume of 269,197. The stock has a fifty day simple moving average of $61.76 and a 200 day simple moving average of $55.52. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The stock has a market cap of $1.72 billion, a P/E ratio of 19.64, a PEG ratio of 1.68 and a beta of 0.91. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60.

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, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, research analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently announced 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 of this dividend was Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.14%. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

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.