Willis Investment Counsel Purchases 668 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Willis Investment Counsel increased its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,276 shares of the technology company’s stock after buying an additional 668 shares during the period. Willis Investment Counsel’s holdings in CSG Systems International were worth $832,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new stake in shares of CSG Systems International in the fourth quarter worth $80,000. TD Private Client Wealth LLC lifted its holdings in CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares during the period. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International in the third quarter valued at about $294,000. Cornercap Investment Counsel Inc. raised its position in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after acquiring an additional 3,001 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International in the third quarter worth approximately $840,000. 91.07% of the stock is owned by institutional investors.

CSG Systems International Trading Up 1.3 %

NASDAQ:CSGS opened at $58.79 on Monday. CSG Systems International, Inc. has a 12 month low of $39.56 and a 12 month high of $64.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.60 and a beta of 0.88. The firm has a fifty day simple moving average of $53.22 and a two-hundred day simple moving average of $49.89.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts expect that CSG Systems International, Inc. will post 3.44 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $62.00.

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.