Geode Capital Management LLC Has $34.37 Million Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Geode Capital Management LLC cut its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 672,266 shares of the technology company’s stock after selling 6,728 shares during the quarter. Geode Capital Management LLC owned 2.31% of CSG Systems International worth $34,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSGS. Hillsdale Investment Management Inc. bought a new stake in shares of CSG Systems International in the fourth quarter worth $4,222,000. Boston Trust Walden Corp increased its stake in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares during the period. Advisors Preferred LLC acquired a new stake in shares of CSG Systems International during the 4th quarter worth approximately $1,300,000. River Road Asset Management LLC raised 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 acquiring an additional 16,519 shares in the last quarter. Finally, Amundi increased its holdings in shares of CSG Systems International by 1.0% during the fourth quarter. Amundi now owns 18,027 shares of the technology company’s stock worth $910,000 after buying an additional 179 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors.

Insider Activity at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the sale, the director now directly owns 41,561 shares of the company’s stock, valued at approximately $2,768,793.82. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CSGS. Royal Bank of Canada upped their target price on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Cantor Fitzgerald lifted their target price on 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 reiterated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. One equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $71.71.

CSG Systems International Stock Up 0.1 %

Shares of CSGS opened at $59.80 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The stock 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 0.91. The company’s 50-day simple moving average is $61.56 and its 200-day simple moving average is $55.58. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60.

CSG Systems International (NASDAQ:CSGS) last posted 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%. Analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a $0.32 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.14%. CSG Systems International’s dividend payout ratio is presently 42.11%.

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.