Legato Capital Management LLC Has $1.95 Million Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Legato Capital Management LLC lowered its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,109 shares of the technology company’s stock after selling 8,622 shares during the quarter. Legato Capital Management LLC owned 0.13% of CSG Systems International worth $1,948,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boston Trust Walden Corp boosted its holdings in shares of CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after buying an additional 88,216 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $33,039,000 after buying an additional 4,903 shares during the period. Dean Investment Associates LLC lifted its position in shares of CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of CSG Systems International in the third quarter worth $866,000. Finally, Advisors Preferred LLC bought a new stake in shares of CSG Systems International in the fourth quarter worth $1,300,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Northland Securities reaffirmed an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Stifel Nicolaus upped their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald upped their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.17.

CSG Systems International Trading Down 0.6 %

Shares of CSGS opened at $63.10 on Wednesday. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $65.53. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The stock has a market cap of $1.84 billion, a PE ratio of 20.76, a P/E/G ratio of 1.77 and a beta of 0.89. The business’s 50-day moving average price is $54.09 and its 200-day moving average price is $50.68.

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 return on equity of 39.42% and a net margin of 7.25%. On average, equities analysts forecast that CSG Systems International, Inc. will post 3.68 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.32 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International’s dividend payout ratio is currently 39.47%.

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.