LSV Asset Management Increases Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

LSV Asset Management increased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,408,672 shares of the technology company's stock after acquiring an additional 134,531 shares during the quarter. LSV Asset Management owned approximately 4.75% of CSG Systems International worth $74,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CSGS. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company's stock valued at $44,281,000 after purchasing an additional 8,395 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of CSG Systems International by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company's stock valued at $27,070,000 after acquiring an additional 24,385 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of CSG Systems International by 3.8% in the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company's stock valued at $3,523,000 after acquiring an additional 2,524 shares during the period. Hedge funds and other institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CSGS shares. Royal Bank of Canada assumed coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an "outperform" rating and a $61.00 target price for the company. Cantor Fitzgerald dropped their price objective on CSG Systems International from $63.00 to $62.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company decreased their target price on CSG Systems International from $50.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.50.

CSG Systems International Stock Down 0.8 %

CSGS traded down $0.34 on Friday, hitting $41.70. 451,877 shares of the company were exchanged, compared to its average volume of 239,657. The firm has a 50-day moving average price of $50.29 and a two-hundred day moving average price of $51.01. The company has a current ratio of 1.74, a quick ratio of 1.54 and a debt-to-equity ratio of 1.98. CSG Systems International, Inc. has a twelve month low of $41.52 and a twelve month high of $69.35. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. On average, equities analysts predict that CSG Systems International, Inc. will post 3.29 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from CSG Systems International's previous quarterly dividend of $0.28. CSG Systems International's payout ratio is presently 54.79%.

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.