Fort Washington Investment Advisors Inc. OH Sells 11,368 Shares of CSG Systems International, Inc. $CSGS

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in CSG Systems International by 3.7%, selling 11,368 shares during the second quarter, and now owns about 1.01% of the company valued at approximately $19.14 million.
• A recent research analysis resulted in CSG Systems International's stock receiving an upgrade to a "strong-buy" rating, with a consensus rating of "Moderate Buy" and an average target price of $71.29.
• CSG Systems International announced a quarterly dividend of $0.32 per share, representing a 2.0% yield and a payout ratio of approximately 44.29%.

Fort Washington Investment Advisors Inc. OH cut its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,121 shares of the technology company's stock after selling 11,368 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.01% of CSG Systems International worth $19,144,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in CSG Systems International during the first quarter worth about $48,000. GAMMA Investing LLC lifted its position in CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company's stock worth $55,000 after buying an additional 220 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after buying an additional 373 shares in the last quarter. Praxis Investment Management Inc. bought a new position in CSG Systems International during the first quarter valued at approximately $206,000. Finally, SG Americas Securities LLC purchased a new position in shares of CSG Systems International during the first quarter worth approximately $315,000. Hedge funds and other institutional investors own 91.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded 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 stock a "buy" rating in a research note on Friday, August 8th. Finally, Wolfe Research assumed coverage on CSG Systems International in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $71.29.

CSG Systems International Stock Up 0.4%

NASDAQ CSGS opened at $65.16 on Monday. CSG Systems International, Inc. has a 1 year low of $46.17 and a 1 year high of $67.60. The stock has a market capitalization of $1.87 billion, a PE ratio of 22.55, a PEG ratio of 1.69 and a beta of 0.93. 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 business's 50-day moving average is $63.68 and its 200 day moving average is $62.78.

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

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued 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 dividend payout ratio is 44.29%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.