California Public Employees Retirement System boosted its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 19.6% during the 4th quarter, Holdings Channel reports. The fund owned 101,175 shares of the technology company’s stock after buying an additional 16,577 shares during the quarter. California Public Employees Retirement System’s holdings in CSG Systems International were worth $3,214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CSGS. Putnam Investments LLC bought a new position in CSG Systems International in the third quarter valued at about $4,572,000. 361 Capital LLC boosted its holdings in CSG Systems International by 637.2% in the fourth quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock valued at $2,342,000 after acquiring an additional 63,707 shares during the last quarter. BTIM Corp. boosted its holdings in CSG Systems International by 11.0% in the fourth quarter. BTIM Corp. now owns 496,607 shares of the technology company’s stock valued at $15,778,000 after acquiring an additional 49,386 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in CSG Systems International by 83.8% during the third quarter. Bahl & Gaynor Inc. now owns 94,455 shares of the technology company’s stock worth $3,792,000 after buying an additional 43,078 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in CSG Systems International by 8.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 461,969 shares of the technology company’s stock worth $18,543,000 after buying an additional 35,371 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

In related news, CEO Bret C. Griess sold 25,000 shares of CSG Systems International stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $40.88, for a total value of $1,022,000.00. Following the sale, the chief executive officer now owns 255,801 shares of the company’s stock, valued at approximately $10,457,144.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kenneth M. Kennedy sold 4,247 shares of CSG Systems International stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $41.79, for a total value of $177,482.13. Following the completion of the sale, the executive vice president now directly owns 54,239 shares in the company, valued at approximately $2,266,647.81. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on CSGS. Zacks Investment Research cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. TheStreet upgraded CSG Systems International from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. BidaskClub cut CSG Systems International from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. Finally, B. Riley began coverage on CSG Systems International in a report on Thursday, February 14th. They set a “buy” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.00.

NASDAQ CSGS opened at $41.08 on Thursday. The stock has a market cap of $1.37 billion, a PE ratio of 15.90 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.98. CSG Systems International, Inc. has a one year low of $30.40 and a one year high of $47.97.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.16. The company had revenue of $231.70 million for the quarter, compared to analyst estimates of $228.30 million. CSG Systems International had a return on equity of 24.06% and a net margin of 7.56%. CSG Systems International’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Research analysts anticipate that CSG Systems International, Inc. will post 2.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.21. CSG Systems International’s dividend payout ratio (DPR) is currently 34.10%.

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CSG Systems International Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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Institutional Ownership by Quarter for CSG Systems International (NASDAQ:CSGS)

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