River Road Asset Management LLC Grows Position in CSG Systems International, Inc. (NASDAQ:CSGS)

River Road Asset Management LLC raised its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 104,783 shares of the technology company’s stock after purchasing an additional 16,519 shares during the quarter. River Road Asset Management LLC’s holdings in CSG Systems International were worth $5,355,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Boston Trust Walden Corp increased its holdings in shares of CSG Systems International by 9.0% during the 4th 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. Dean Investment Associates LLC boosted its holdings in 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 valued at $5,801,000 after acquiring an additional 64,066 shares during the last quarter. Advisors Preferred LLC purchased a new stake in CSG Systems International during the fourth quarter valued at about $1,300,000. Martingale Asset Management L P acquired a new stake in CSG Systems International during the third quarter worth about $866,000. Finally, Quantbot Technologies LP purchased a new position in shares of CSG Systems International in the 3rd quarter worth about $294,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Insider Buying and Selling at CSG Systems International

In other news, Director Ronald Cooper sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the sale, the director now owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.05% of the company’s stock.

CSG Systems International Price Performance

NASDAQ CSGS opened at $60.70 on Wednesday. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60. The business’s fifty day moving average is $58.74 and its two-hundred day moving average is $53.31. The stock has a market capitalization of $1.75 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.68 and a beta of 0.85. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46.

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 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, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. CSG Systems International’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSGS shares. Northland Securities reiterated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of CSG Systems International in a research report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. Royal Bank of Canada raised their price objective on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Cantor Fitzgerald raised their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus increased their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

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.