Bahl & Gaynor Inc. Cuts Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Bahl & Gaynor Inc. decreased its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 29.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,030 shares of the technology company's stock after selling 127,956 shares during the quarter. Bahl & Gaynor Inc. owned 1.03% of CSG Systems International worth $12,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock worth $187,000 after acquiring an additional 1,698 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in CSG Systems International in the first quarter worth $190,000. Sciencast Management LP purchased a new stake in CSG Systems International during the first quarter valued at about $233,000. EMC Capital Management grew its stake in shares of CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company's stock valued at $248,000 after buying an additional 1,056 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company's stock valued at $981,000 after buying an additional 4,590 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSGS. Benchmark restated a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on CSG Systems International from $61.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of CSG Systems International from $48.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 4th. Finally, Cantor Fitzgerald raised their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CSG Systems International currently has an average rating of "Buy" and a consensus price target of $58.80.

CSG Systems International Trading Up 1.3 %

CSGS stock traded up $0.60 on Thursday, reaching $46.02. The company's stock had a trading volume of 166,745 shares, compared to its average volume of 278,581. The firm has a market cap of $1.36 billion, a PE ratio of 21.01, a PEG ratio of 1.36 and a beta of 0.82. The business has a fifty day simple moving average of $45.43 and a two-hundred day simple moving average of $45.95. CSG Systems International, Inc. has a 12-month low of $39.56 and a 12-month high of $55.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to analysts' expectations of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.61%. CSG Systems International's dividend payout ratio (DPR) is 54.79%.

CSG Systems International 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.