Yousif Capital Management LLC Sells 965 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Yousif Capital Management LLC trimmed its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,145 shares of the technology company’s stock after selling 965 shares during the quarter. Yousif Capital Management LLC’s holdings in CSG Systems International were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CSGS. New York State Teachers Retirement System increased its position in CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after purchasing an additional 2,524 shares during the period. Bahl & Gaynor Inc. increased its position in CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after purchasing an additional 36,488 shares during the period. Finally, Boston Trust Walden Corp increased its position in CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the period. 91.07% of the stock is owned by institutional investors.

CSG Systems International Price Performance

CSG Systems International stock opened at $41.70 on Monday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 19.04, a PEG ratio of 1.28 and a beta of 0.83. CSG Systems International, Inc. has a 1 year low of $41.52 and a 1 year high of $69.35. The business has a 50-day moving average of $50.29 and a 200-day moving average of $51.01. The company has a current ratio of 1.74, a quick ratio of 1.54 and a debt-to-equity ratio of 1.98.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The business had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. On average, equities analysts anticipate that CSG Systems International, Inc. will post 3.29 EPS for the current year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. CSG Systems International’s payout ratio is currently 54.79%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSGS. Wells Fargo & Company lowered their price objective on CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank of Canada began coverage on CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective for the company. Finally, Cantor Fitzgerald decreased their target price on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.50.

CSG Systems International Company 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.