CSG Systems International, Inc. (NASDAQ:CSGS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,145 shares of the technology company’s stock after selling 965 shares during the period. Yousif Capital Management LLC’s holdings in CSG Systems International were worth $753,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of CSG Systems International by 3.8% during the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after acquiring an additional 2,524 shares during the period. Bahl & Gaynor Inc. raised its holdings in CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after buying an additional 36,488 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after buying an additional 8,395 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Stock Down 0.8 %

Shares of NASDAQ:CSGS opened at $41.70 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.74 and a debt-to-equity ratio of 1.98. CSG Systems International, Inc. has a 52-week low of $41.52 and a 52-week high of $69.35. The company has a 50 day moving average of $50.29 and a two-hundred day moving average of $51.01. The company has a market capitalization 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) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The company had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. As a group, analysts forecast that CSG Systems International, Inc. will post 3.29 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 54.79%.

Wall Street Analyst Weigh In

CSGS has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank of Canada initiated coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target on the stock. Finally, Cantor Fitzgerald cut their price target on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.