Legato Capital Management LLC Sells 9,814 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Legato Capital Management LLC decreased its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 32.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,360 shares of the technology company’s stock after selling 9,814 shares during the quarter. Legato Capital Management LLC’s holdings in CSG Systems International were worth $838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in shares of CSG Systems International by 10.6% during the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after purchasing an additional 134,531 shares during the last quarter. BNP Paribas Financial Markets raised its stake in CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in CSG Systems International in the first quarter worth $190,000. Quantbot Technologies LP grew its stake in shares of CSG Systems International by 31.8% in the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after acquiring an additional 4,590 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of CSG Systems International during the first quarter valued at $233,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.2 %

Shares of CSG Systems International stock opened at $47.69 on Wednesday. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $55.74. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.98. The company’s 50 day moving average is $43.94 and its 200 day moving average is $46.37. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The business had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. During the same period in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate that CSG Systems International, Inc. will post 3.29 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 2.52%. CSG Systems International’s payout ratio is 54.79%.

Wall Street Analysts Forecast Growth

CSGS has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Cantor Fitzgerald raised their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price objective on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.80.

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.