Amundi Boosts Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

Amundi lifted its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,027 shares of the technology company’s stock after acquiring an additional 179 shares during the quarter. Amundi’s holdings in CSG Systems International were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CSGS. Independence Bank of Kentucky bought a new stake in CSG Systems International during the fourth quarter worth $80,000. TD Private Client Wealth LLC raised its stake in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after purchasing an additional 586 shares during the period. Quantbot Technologies LP purchased a new position in shares of CSG Systems International in the 3rd quarter worth about $294,000. Handelsbanken Fonder AB grew its position in CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after buying an additional 1,100 shares during the period. Finally, Willis Investment Counsel increased its holdings in CSG Systems International by 4.3% during 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. 91.07% of the stock is owned by institutional investors.

CSG Systems International Trading Down 1.1 %

Shares of CSGS opened at $60.16 on Thursday. CSG Systems International, Inc. has a 1-year low of $39.56 and a 1-year high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The company has a market capitalization of $1.73 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.68 and a beta of 0.85. The firm’s 50 day simple moving average is $59.90 and its 200 day simple moving average is $53.80.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share 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%. Sell-side analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business 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 dividend of $0.32 per share. The ex-dividend date of this dividend 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 yield of 2.13%. CSG Systems International’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

CSGS has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their target price 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 price objective (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Stifel Nicolaus upped their price target on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CSG Systems International has a consensus rating of “Moderate Buy” and an average target price of $71.71.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now directly owns 41,561 shares of the company’s stock, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.05% of the company’s stock.

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.