Yousif Capital Management LLC Has $546,000 Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Yousif Capital Management LLC lessened its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,689 shares of the technology company’s stock after selling 380 shares during the quarter. Yousif Capital Management LLC’s holdings in CSG Systems International were worth $546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGS. Boston Trust Walden Corp boosted its holdings in CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after purchasing an additional 88,216 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the last quarter. Dean Investment Associates LLC boosted its holdings in CSG Systems International by 116.1% during 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 during the last quarter. Martingale Asset Management L P acquired a new position in CSG Systems International during the third quarter worth $866,000. Finally, Quantbot Technologies LP acquired a new position in CSG Systems International during the third quarter worth $294,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CSGS. 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. Benchmark reaffirmed a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. 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. Royal Bank of Canada upped their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $64.15 on Monday. CSG Systems International, Inc. has a 52 week low of $39.56 and a 52 week high of $65.53. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.89. The firm’s 50-day simple moving average is $54.78 and its 200 day simple moving average is $51.15. 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 announced its quarterly earnings data 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 net margin of 7.25% and a return on equity of 39.42%. As a group, sell-side analysts predict that CSG Systems International, Inc. will post 3.68 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently declared 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 an increase 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 2.00%. The ex-dividend date is Wednesday, March 19th. CSG Systems International’s dividend payout ratio (DPR) is presently 39.47%.

CSG Systems International 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.