Fuller & Thaler Asset Management Inc. Has $82.08 Million Stock Holdings in CSG Systems International, Inc. $CSGS

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in CSG Systems International by 18.9% during the first quarter, owning 1,357,287 shares valued at approximately $82 million.
• CSG Systems announced a quarterly dividend of $0.32 per share, resulting in an annualized yield of 2.1% and a payout ratio of 44.29%.
• Analysts have mixed ratings for CSG Systems International, with an average rating of "Buy" and a consensus target price of $71.29.

Fuller & Thaler Asset Management Inc. increased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,357,287 shares of the technology company's stock after acquiring an additional 216,128 shares during the period. Fuller & Thaler Asset Management Inc. owned about 4.68% of CSG Systems International worth $82,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSGS. USA Financial Formulas purchased a new stake in shares of CSG Systems International during the first quarter worth $48,000. TD Private Client Wealth LLC raised its holdings in shares of CSG Systems International by 21.3% during the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after acquiring an additional 373 shares in the last quarter. Praxis Investment Management Inc. purchased a new stake in shares of CSG Systems International during the first quarter worth $206,000. SG Americas Securities LLC purchased a new stake in shares of CSG Systems International during the first quarter worth $315,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of CSG Systems International by 20.0% during the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock worth $386,000 after acquiring an additional 1,064 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Wolfe Research assumed coverage on CSG Systems International in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.29.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded up $1.51 during midday trading on Friday, hitting $63.17. The company's stock had a trading volume of 211,117 shares, compared to its average volume of 290,052. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.64 and a beta of 0.90. The stock's 50 day simple moving average is $63.16 and its 200 day simple moving average is $62.56. CSG Systems International, Inc. has a fifty-two week low of $44.57 and a fifty-two week high of $67.60. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. The company had revenue of $271.26 million for the quarter, compared to the consensus estimate of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. As a group, research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 19th. CSG Systems International's dividend payout ratio (DPR) is currently 44.29%.

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.