Martingale Asset Management L P Grows Stock Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Martingale Asset Management L P grew its holdings in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 32.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,492 shares of the technology company's stock after buying an additional 5,700 shares during the period. Martingale Asset Management L P owned approximately 0.08% of CSG Systems International worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Amundi grew its position in CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after acquiring an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of CSG Systems International by 0.6% in the 3rd 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 during the period. TD Private Client Wealth LLC increased its position in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock valued at $104,000 after purchasing an additional 586 shares during the last quarter. Willis Investment Counsel raised its holdings in CSG Systems International by 4.3% during the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock valued at $832,000 after buying an additional 668 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in CSG Systems International by 15.9% in the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock worth $410,000 after buying an additional 1,100 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.

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CSG Systems International Stock Up 0.3 %

Shares of CSGS stock traded up $0.19 on Tuesday, hitting $59.72. The stock had a trading volume of 228,482 shares, compared to its average volume of 269,506. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $67.60. The business has a 50 day moving average price of $61.76 and a 200 day moving average price of $55.52. The company has a market cap of $1.72 billion, a PE ratio of 19.64, 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 (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%. Research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 19th. CSG Systems International's payout ratio is presently 42.11%.

Insider Buying and Selling

In other CSG Systems International 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 value of $599,580.00. Following the completion of the transaction, the director now directly owns 41,561 shares in the company, valued at approximately $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price 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 boosted their target price 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 downgraded CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Northland Securities reissued an "outperform" rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research 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. According to data from MarketBeat, the company currently 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.