LSV Asset Management Sells 61,200 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

LSV Asset Management reduced its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,383,244 shares of the technology company’s stock after selling 61,200 shares during the quarter. LSV Asset Management’s holdings in CSG Systems International were worth $70,698,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CSGS. Independence Bank of Kentucky purchased a new stake in shares of CSG Systems International during the fourth quarter valued at approximately $80,000. TD Private Client Wealth LLC raised its stake in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after purchasing an additional 586 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares in the last quarter. Willis Investment Counsel boosted its position in shares of CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after buying an additional 668 shares during the last quarter. Finally, Amundi raised its position in CSG Systems International by 1.0% in the 4th quarter. Amundi now owns 18,027 shares of the technology company’s stock worth $910,000 after buying an additional 179 shares during the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Trading Down 3.1 %

CSG Systems International stock opened at $58.38 on Friday. CSG Systems International, Inc. has a 12-month low of $39.56 and a 12-month high of $67.60. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.68 and a beta of 0.91. The firm has a 50 day moving average of $61.84 and a 200 day moving average of $55.31. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. As a group, research analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share 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 paid a $0.32 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. CSG Systems International’s dividend payout ratio is 42.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Northland Securities reiterated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Stifel Nicolaus raised their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Insider Buying and Selling

In related 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 completion of the transaction, the director now owns 41,561 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 3.05% of the stock is currently owned by company insiders.

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.