KLP Kapitalforvaltning AS Invests $925,000 in CSG Systems International, Inc. (NASDAQ:CSGS)

KLP Kapitalforvaltning AS bought a new stake in CSG Systems International, Inc. (NASDAQ:CSGS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,000 shares of the technology company’s stock, valued at approximately $925,000. KLP Kapitalforvaltning AS owned 0.06% of CSG Systems International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSGS. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after acquiring an additional 88,216 shares during the period. Geode Capital Management LLC raised its holdings in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of 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 purchasing an additional 1,420 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of CSG Systems International by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after buying an additional 5,034 shares during the period. Finally, Dean Investment Associates LLC increased its position in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after buying an additional 64,066 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

Insider Activity

In other news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the sale, the director now directly owns 41,561 shares of the company’s stock, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CSGS shares. Wells Fargo & Company boosted their target price on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. Stifel Nicolaus upped their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Northland Securities restated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $71.71.

CSG Systems International Trading Up 1.6 %

CSG Systems International stock opened at $60.47 on Tuesday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.68 and a beta of 0.85. The firm has a 50-day moving average of $61.36 and a 200-day moving average of $54.63. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $67.60.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, equities analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.12%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio (DPR) is currently 42.11%.

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.