CSG Systems International, Inc. (NASDAQ:CSGS) Holdings Cut by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,751 shares of the technology company’s stock after selling 377 shares during the period. TD Private Client Wealth LLC’s holdings in CSG Systems International were worth $89,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in CSG Systems International during the 3rd quarter valued at approximately $294,000. Martingale Asset Management L P acquired a new position in shares of CSG Systems International during the third quarter valued at $866,000. Dean Investment Associates LLC grew its position in shares of CSG Systems International by 116.1% during the third 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 last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $33,039,000 after acquiring an additional 4,903 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of CSG Systems International by 0.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after acquiring an additional 302 shares during the period. 91.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSGS has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price for the company. Northland Securities reissued an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Royal Bank of Canada lifted their target price on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus lifted their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and an average price target of $71.71.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International 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 transaction, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.05% of the company’s stock.

CSG Systems International Trading Down 0.7 %

Shares of CSG Systems International stock opened at $60.74 on Wednesday. The business has a fifty day simple moving average of $60.69 and a 200-day simple moving average of $54.21. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. CSG Systems International, Inc. has a fifty-two week low of $39.56 and a fifty-two 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.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating 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 analysts forecast that CSG Systems International, Inc. will post 3.83 EPS 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 issued a $0.32 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.11%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio is currently 42.11%.

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.