Fort Washington Investment Advisors Inc. OH cut its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,489 shares of the technology company's stock after selling 84,880 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.06% of CSG Systems International worth $18,412,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. bought a new position in shares of CSG Systems International in the 4th quarter worth $4,222,000. River Road Asset Management LLC grew its stake in CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock valued at $5,355,000 after purchasing an additional 16,519 shares during the last quarter. Martingale Asset Management L P grew its stake in CSG Systems International by 32.0% in the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock valued at $1,201,000 after purchasing an additional 5,700 shares during the last quarter. Amundi grew its stake in CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in CSG Systems International in the fourth quarter valued at about $925,000. 91.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group assumed 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 objective on the stock. Wells Fargo & Company cut their price target on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Sidoti raised shares of 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 hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $70.71.
Read Our Latest Analysis on CSG Systems International
CSG Systems International Stock Performance
NASDAQ:CSGS traded up $1.04 during trading hours on Monday, hitting $64.11. 156,107 shares of the company were exchanged, compared to its average volume of 254,403. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $67.60. The company's 50 day moving average price is $62.50 and its 200-day moving average price is $59.33.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $271.55 million for the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.
CSG Systems International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a $0.32 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. CSG Systems International's dividend payout ratio is currently 43.69%.
CSG Systems International Company Profile
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Free Report)
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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