Polaris Capital Management LLC Boosts Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

Polaris Capital Management LLC increased its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 10.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,000 shares of the technology company’s stock after purchasing an additional 3,200 shares during the quarter. Polaris Capital Management LLC owned 0.11% of CSG Systems International worth $1,687,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornercap Investment Counsel Inc. lifted its position in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after acquiring an additional 3,001 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of CSG Systems International in the 3rd quarter worth approximately $294,000. Martingale Asset Management L P bought a new position in CSG Systems International during the 3rd quarter worth $866,000. Dean Investment Associates LLC increased its holdings in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after acquiring an additional 64,066 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of 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 valued at $33,039,000 after buying an additional 4,903 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSGS has been the subject of several research analyst reports. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a 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 note on Tuesday, November 5th. Wells Fargo & Company upped their price target on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price 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, Cantor Fitzgerald upped 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 report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and an average target price of $71.17.

CSG Systems International Trading Down 1.4 %

NASDAQ CSGS opened at $63.49 on Tuesday. 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 stock has a 50 day moving average of $53.94 and a 200-day moving average of $50.55. CSG Systems International, Inc. has a 12 month low of $39.56 and a 12 month high of $65.53. 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 announced its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that CSG Systems International, Inc. will post 3.68 EPS 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. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.02%. CSG Systems International’s dividend payout ratio (DPR) is currently 39.47%.

CSG Systems International Company 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.