Bahl & Gaynor Inc. Has $945,000 Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

Bahl & Gaynor Inc. cut its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 91.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,493 shares of the technology company’s stock after selling 200,753 shares during the quarter. Bahl & Gaynor Inc.’s holdings in CSG Systems International were worth $945,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new position in shares of CSG Systems International during the 4th quarter worth approximately $80,000. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 38.0% during 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. Quantbot Technologies LP bought a new position in CSG Systems International in the third quarter valued at $294,000. Handelsbanken Fonder AB increased its stake in CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after buying an additional 1,100 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its position in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.2 %

CSGS stock opened at $64.06 on Thursday. CSG Systems International, Inc. has a 1-year low of $39.56 and a 1-year high of $67.60. The business’s 50 day simple moving average is $57.84 and its 200 day simple moving average is $52.83. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.85 billion, a PE ratio of 21.07, a PEG ratio of 1.68 and a beta of 0.85.

CSG Systems International (NASDAQ:CSGS) last released 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 anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. 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 2.00%. CSG Systems International’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Northland Securities restated an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective 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. Jefferies Financial Group initiated coverage on CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.71.

Insider Transactions at CSG Systems International

In other news, Director Ronald Cooper sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the transaction, the director now owns 41,561 shares in the company, valued at approximately $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.05% of the company’s stock.

CSG Systems International Company 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.