Hillsdale Investment Management Inc. Buys Shares of 82,600 CSG Systems International, Inc. (NASDAQ:CSGS)

Hillsdale Investment Management Inc. acquired a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 82,600 shares of the technology company’s stock, valued at approximately $4,222,000. Hillsdale Investment Management Inc. owned about 0.28% of CSG Systems International at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp lifted its holdings in 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. Advisors Preferred LLC purchased a new stake in CSG Systems International in the fourth quarter valued at $1,300,000. River Road Asset Management LLC boosted its stake in CSG Systems International by 18.7% during the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock worth $5,355,000 after buying an additional 16,519 shares during the period. Geode Capital Management LLC increased its holdings in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its stake in CSG Systems International by 116.1% during 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 in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.05% of the company’s stock.

CSG Systems International Stock Performance

Shares of CSGS opened at $59.81 on Friday. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $67.60. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.72 billion, a PE ratio of 19.67, a P/E/G ratio of 1.68 and a beta of 0.85. The firm has a 50-day moving average price of $60.29 and a 200 day moving average price of $53.96.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.32 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is currently 42.11%.

Wall Street Analysts Forecast Growth

CSGS has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Northland Securities reaffirmed an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on CSG Systems International in a research report on Friday, February 21st. They issued a “buy” rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.71.

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.