Fort Washington Investment Advisors Inc. OH Raises Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 389,369 shares of the technology company’s stock after acquiring an additional 1,420 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CSG Systems International were worth $19,901,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB lifted its holdings in shares of CSG Systems International by 0.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after acquiring an additional 302 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after purchasing an additional 586 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares during the period. Cornercap Investment Counsel Inc. grew its stake in shares of CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of CSG Systems International by 0.7% in the 3rd 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. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

Shares of CSG Systems International stock opened at $54.06 on Thursday. The business has a 50-day simple moving average of $52.95 and a 200-day simple moving average of $49.12. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $57.15. The company has a market cap of $1.57 billion, a PE ratio of 23.82, a P/E/G ratio of 1.44 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that CSG Systems International, Inc. will post 3.44 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a 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. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus price target 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.