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

Wilmington Savings Fund Society FSB reduced its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,854 shares of the technology company’s stock after selling 958 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.17% of CSG Systems International worth $2,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CSGS. Independence Bank of Kentucky acquired a new stake in CSG Systems International in the fourth quarter valued at $80,000. TD Private Client Wealth LLC lifted its stake in shares of 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 during the period. Quantbot Technologies LP purchased a new stake in CSG Systems International during the third quarter worth about $294,000. Cornercap Investment Counsel Inc. grew its position in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares during the period. Finally, Willis Investment Counsel increased its holdings in CSG Systems International by 4.3% in the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after buying an additional 668 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Northland Securities restated an “outperform” rating and issued a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday. Royal Bank of Canada lifted their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday. Benchmark restated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their target price 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Price Performance

CSGS stock opened at $64.39 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The stock’s fifty day simple moving average is $53.94 and its 200-day simple moving average is $50.47. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $65.53. 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 (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share 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%. Equities research analysts expect that CSG Systems International, Inc. will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.32 dividend. This is a positive change 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 is Wednesday, March 19th. CSG Systems International’s dividend payout ratio (DPR) is 39.47%.

About CSG Systems International

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.