CSG Systems International, Inc. (NASDAQ:CSGS) Stake Trimmed by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,854 shares of the technology company’s stock after selling 958 shares during the period. Wilmington Savings Fund Society FSB’s holdings in CSG Systems International were worth $2,497,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares in the last quarter. Willis Investment Counsel lifted its position in shares of CSG Systems International by 4.3% in the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after acquiring an additional 1,420 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of CSG Systems International in the 4th quarter valued at approximately $80,000. Finally, Cornercap Investment Counsel Inc. lifted its holdings in CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $64.39 on Friday. The firm’s fifty day moving average price is $53.94 and its two-hundred day moving average price is $50.47. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $65.53. The firm has a market capitalization of $1.87 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that CSG Systems International, Inc. will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.32 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International’s payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSGS. Benchmark reiterated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Northland Securities reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. Finally, Royal Bank of Canada increased their price objective 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.17.

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.