Yousif Capital Management LLC Has $546,000 Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Yousif Capital Management LLC lessened its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,689 shares of the technology company’s stock after selling 380 shares during the period. Yousif Capital Management LLC’s holdings in CSG Systems International were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSGS. Boston Trust Walden Corp raised its holdings in CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after buying an additional 88,216 shares during the last quarter. Willis Investment Counsel raised its holdings in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares during the last quarter. Independence Bank of Kentucky acquired a new position in CSG Systems International during the fourth quarter worth $80,000. Fort Washington Investment Advisors Inc. OH raised its holdings in CSG Systems International by 0.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after buying an additional 1,420 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CSGS. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus upped their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of 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. Northland Securities reiterated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Trading Up 0.9 %

Shares of CSGS opened at $64.15 on Monday. CSG Systems International, Inc. has a 1-year low of $39.56 and a 1-year high of $65.53. 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 firm’s 50 day simple moving average is $54.78 and its 200 day simple moving average is $51.15. The company has a market capitalization of $1.87 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that CSG Systems International, Inc. will post 3.68 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.32 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. CSG Systems International’s dividend payout ratio (DPR) is currently 39.47%.

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.