Amundi Acquires 179 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Amundi increased its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,027 shares of the technology company’s stock after purchasing an additional 179 shares during the quarter. Amundi owned approximately 0.06% of CSG Systems International worth $910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Trust Walden Corp lifted its holdings in 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 period. Geode Capital Management LLC lifted its stake in shares of CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after acquiring an additional 4,903 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 1,420 shares during the last quarter. New York State Common Retirement Fund increased its position in CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after purchasing an additional 5,034 shares during the period. Finally, Dean Investment Associates LLC raised its holdings in CSG Systems International by 116.1% during the 3rd 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. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the sale, the director now directly owns 41,561 shares of the company’s stock, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.05% of the stock is owned by insiders.

CSG Systems International Trading Down 1.1 %

Shares of CSG Systems International stock opened at $60.16 on Thursday. The stock has a market capitalization of $1.73 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. CSG Systems International, Inc. has a 52 week low of $39.56 and a 52 week high of $67.60. The stock has a 50 day moving average price of $59.90 and a two-hundred day moving average price of $53.80. 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 posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. 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. CSG Systems International’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

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

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.