River Road Asset Management LLC Boosts Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

River Road Asset Management LLC raised its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,783 shares of the technology company's stock after purchasing an additional 16,519 shares during the quarter. River Road Asset Management LLC owned 0.36% of CSG Systems International worth $5,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGS. Boston Trust Walden Corp grew its stake in shares of 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 in the last quarter. Dean Investment Associates LLC boosted its holdings in CSG Systems International by 116.1% during the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after acquiring an additional 64,066 shares during the period. Advisors Preferred LLC acquired a new position in CSG Systems International in the 4th quarter valued at about $1,300,000. Martingale Asset Management L P purchased a new stake in CSG Systems International during the third quarter worth about $866,000. Finally, Quantbot Technologies LP acquired a new stake in shares of CSG Systems International during the third quarter worth about $294,000. Hedge funds and other institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com cut shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Royal Bank of Canada boosted their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on 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. Jefferies Financial Group assumed coverage on CSG Systems International in a report on Friday, February 21st. They issued a "buy" rating and a $75.00 target price for the company. Finally, Northland Securities restated an "outperform" rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.71.

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Insiders Place Their Bets

In other news, Director Ronald Cooper sold 9,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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 in the company, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.05% of the stock is owned by corporate insiders.

CSG Systems International Price Performance

Shares of NASDAQ CSGS opened at $60.70 on Wednesday. The company's 50-day moving average price is $58.74 and its 200 day moving average price is $53.31. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.68 and a beta of 0.85. CSG Systems International, Inc. has a 52 week low of $39.56 and a 52 week high of $67.60. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share 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%. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. This is a positive change 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.

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