Fuller & Thaler Asset Management Inc. Sells 152,842 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Fuller & Thaler Asset Management Inc. reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,141,159 shares of the technology company's stock after selling 152,842 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.92% of CSG Systems International worth $58,325,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock valued at $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company's stock worth $2,423,000 after acquiring an additional 302 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after buying an additional 1,420 shares in the last quarter. Independence Bank of Kentucky acquired a new position in CSG Systems International during the fourth quarter worth about $80,000. Finally, Willis Investment Counsel boosted its position in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company's stock worth $832,000 after acquiring an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.

Insider Transactions at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the sale, the director now owns 41,561 shares of the company's stock, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.05% of the company's stock.

CSG Systems International Stock Up 1.3 %

Shares of CSGS traded up $0.76 during mid-day trading on Tuesday, reaching $60.14. The company's stock had a trading volume of 51,778 shares, compared to its average volume of 271,424. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The business has a fifty day moving average of $60.89 and a 200 day moving average of $56.31. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.32 per share. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 19th. CSG Systems International's payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com lowered shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of CSG Systems International in a research note on Friday, February 21st. They set a "buy" rating and a $75.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Wells Fargo & Company cut their target price on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Northland Securities reissued an "outperform" rating and issued a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.71.

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.