Polaris Capital Management LLC Purchases 3,200 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Polaris Capital Management LLC lifted its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 33,000 shares of the technology company’s stock after buying an additional 3,200 shares during the quarter. Polaris Capital Management LLC’s holdings in CSG Systems International were worth $1,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp lifted its position in shares of 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 valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Dean Investment Associates LLC lifted its stake in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of CSG Systems International in the fourth quarter valued at $1,300,000. Martingale Asset Management L P purchased a new stake in CSG Systems International in the 3rd quarter worth about $866,000. Finally, Quantbot Technologies LP bought a new position in CSG Systems International during the third quarter worth about $294,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $63.49 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $65.53. The company has a market cap of $1.85 billion, a PE ratio of 20.88, a PEG ratio of 1.77 and a beta of 0.89. The firm’s 50-day moving average price is $53.94 and its 200-day moving average price is $50.55.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, analysts anticipate that CSG Systems International, Inc. will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.02%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 19th. CSG Systems International’s dividend payout ratio is 39.47%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Cantor Fitzgerald boosted their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note 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 research note on Thursday, February 6th. 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, February 6th. Finally, Stifel Nicolaus lifted their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.