Fort Washington Investment Advisors Inc. OH Boosts Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 389,369 shares of the technology company’s stock after acquiring an additional 1,420 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 1.34% of CSG Systems International worth $19,901,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CSGS. Geode Capital Management LLC increased its position in shares of CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after buying an additional 4,903 shares in the last quarter. Dean Investment Associates LLC increased its holdings in CSG Systems International by 116.1% in 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. Wilmington Savings Fund Society FSB increased its holdings in 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 in the last quarter. Martingale Asset Management L P acquired a new position in CSG Systems International during the third quarter worth $866,000. Finally, SG Americas Securities LLC purchased a new position in CSG Systems International during the third quarter valued at $840,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.0 %

Shares of NASDAQ:CSGS opened at $54.06 on Thursday. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $57.15. The stock has a market cap of $1.57 billion, a P/E ratio of 23.82, a PEG ratio of 1.44 and a beta of 0.88. The business has a fifty day moving average of $52.95 and a two-hundred day moving average of $49.12. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. CSG Systems International’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that CSG Systems International, Inc. will post 3.44 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, December 18th. CSG Systems International’s dividend payout ratio is presently 52.86%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CSGS shares. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.