CSG Systems International, Inc. $CSGS Stake Reduced by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. reduced its holdings in CSG Systems International by 41.6%, owning 10,800 shares worth approximately $653,000 after selling 7,693 shares in the first quarter.
• CSG Systems International reported $1.16 earnings per share in its latest earnings announcement, surpassing expectations and showing a 2.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.32 per share, representing a 2.0% yield, with a payout ratio of 44.29%.

Bahl & Gaynor Inc. lessened its holdings in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 41.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the technology company's stock after selling 7,693 shares during the quarter. Bahl & Gaynor Inc.'s holdings in CSG Systems International were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after purchasing an additional 82,344 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock valued at $82,075,000 after acquiring an additional 216,128 shares during the period. Rhumbline Advisers boosted its holdings in shares of CSG Systems International by 1.2% during the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock valued at $4,836,000 after acquiring an additional 948 shares during the period. Kendall Capital Management boosted its holdings in shares of CSG Systems International by 2.7% during the first quarter. Kendall Capital Management now owns 47,260 shares of the technology company's stock valued at $2,858,000 after acquiring an additional 1,235 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock valued at $2,296,000 after acquiring an additional 37,398 shares during the period. Institutional investors and hedge funds own 91.07% of the company's stock.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded down $0.34 during midday trading on Thursday, reaching $63.67. 151,465 shares of the company traded hands, compared to its average volume of 288,253. CSG Systems International, Inc. has a 52 week low of $44.57 and a 52 week high of $67.60. The stock has a 50-day moving average price of $63.15 and a 200 day moving average price of $62.56. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.63 and a beta of 0.90.

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

CSG Systems International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSGS. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Stifel Nicolaus boosted their price target on shares of CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Wolfe Research began coverage on shares of CSG Systems International in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. One investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.29.

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.