Boston Trust Walden Corp Sells 68,182 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Boston Trust Walden Corp lessened its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 997,302 shares of the technology company's stock after selling 68,182 shares during the period. Boston Trust Walden Corp owned about 3.47% of CSG Systems International worth $60,307,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CSGS. USA Financial Formulas acquired a new position in CSG Systems International in the first quarter worth about $48,000. SG Americas Securities LLC acquired a new position in CSG Systems International in the first quarter worth about $315,000. Harbor Capital Advisors Inc. raised its position in CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock worth $386,000 after purchasing an additional 1,064 shares in the last quarter. Handelsbanken Fonder AB raised 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 purchasing an additional 1,100 shares in the last quarter. Finally, Amundi raised 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 purchasing an additional 179 shares in the last quarter. Institutional investors own 91.07% of the company's stock.

Wall Street Analyst Weigh In

CSGS has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a "buy" rating and a $75.00 price target for the company. Finally, Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CSG Systems International presently has an average rating of "Buy" and a consensus price target of $70.71.

CSG Systems International Price Performance

Shares of NASDAQ CSGS traded down $1.10 during mid-day trading on Friday, hitting $62.29. 449,340 shares of the stock were exchanged, compared to its average volume of 254,324. The company has a market cap of $1.81 billion, a P/E ratio of 21.26, a PEG ratio of 1.64 and a beta of 0.90. The stock's fifty day simple moving average is $62.74 and its two-hundred day simple moving average is $59.44. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current ratio of 1.55. CSG Systems International, Inc. has a twelve month low of $39.86 and a twelve month high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business had revenue of $271.55 million for the quarter, compared to analysts' expectations of $274.10 million. During the same period in the prior year, the firm earned $1.01 earnings per share. CSG Systems International's revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. CSG Systems International's dividend payout ratio is 43.69%.

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.