CSG Systems International, Inc. (NASDAQ:CSGS) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,244 shares of the technology company's stock after selling 61,200 shares during the period. LSV Asset Management owned approximately 4.76% of CSG Systems International worth $70,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Trust Walden Corp boosted its position in shares of CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after acquiring an additional 88,216 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of CSG Systems International in the 4th quarter valued at $4,222,000. Advisors Preferred LLC bought a new position in CSG Systems International during the 4th quarter worth approximately $1,300,000. KLP Kapitalforvaltning AS bought a new stake in CSG Systems International during the 4th quarter valued at $925,000. Finally, River Road Asset Management LLC grew its stake in shares of 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 worth $5,355,000 after purchasing an additional 16,519 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the transaction, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSGS. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Stifel Nicolaus boosted their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Northland Securities reaffirmed an "outperform" rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.71.

CSG Systems International Price Performance

CSG Systems International stock traded up $0.43 during midday trading on Wednesday, reaching $60.15. The company had a trading volume of 65,284 shares, compared to its average volume of 268,726. The firm's fifty day simple moving average is $61.65 and its 200-day simple moving average is $55.55. CSG Systems International, Inc. has a 12-month low of $39.56 and a 12-month high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The company has a market capitalization of $1.73 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.68 and a beta of 0.91.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping 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, equities analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

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

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.