New York State Common Retirement Fund lessened its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,993 shares of the technology company’s stock after selling 3,868 shares during the period. New York State Common Retirement Fund owned about 0.25% of CSG Systems International worth $2,605,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rhumbline Advisers raised its stake in CSG Systems International by 14.8% during the third quarter. Rhumbline Advisers now owns 116,064 shares of the technology company’s stock worth $4,659,000 after acquiring an additional 14,977 shares in the last quarter. Bahl & Gaynor Inc. raised its stake 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 acquiring an additional 43,078 shares in the last quarter. Schroder Investment Management Group raised its stake in CSG Systems International by 4.7% during the third quarter. Schroder Investment Management Group now owns 490,302 shares of the technology company’s stock worth $19,681,000 after acquiring an additional 21,876 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in CSG Systems International by 176.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,375 shares of the technology company’s stock worth $738,000 after acquiring an additional 11,725 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake 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 acquiring an additional 35,371 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Several research analysts have issued reports on CSGS shares. TheStreet upgraded CSG Systems International from a “c+” rating to a “b” rating in a research note on Wednesday, February 13th. B. Riley started coverage on CSG Systems International in a research note on Thursday, February 14th. They issued a “buy” rating and a $51.00 target price for the company. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, February 7th. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Finally, BidaskClub upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CSG Systems International presently has a consensus rating of “Hold” and an average target price of $47.00.

In other news, EVP Kenneth M. Kennedy sold 4,247 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was 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 $2,266,647.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bret C. Griess sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $40.88, for a total value of $1,022,000.00. Following the completion of the sale, the chief executive officer now owns 255,801 shares of the company’s stock, valued at $10,457,144.88. The disclosure for this sale can be found here. Company insiders own 2.16% of the company’s stock.

Shares of NASDAQ:CSGS opened at $41.08 on Thursday. CSG Systems International, Inc. has a twelve month low of $30.40 and a twelve month high of $47.97. The firm has a market capitalization of $1.37 billion, a PE ratio of 15.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.71 and a quick ratio of 1.71.

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

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

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CSG Systems International Company 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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