Boston Trust Walden Corp Has $54.30 Million Position in CSG Systems International, Inc. $CSGS

Boston Trust Walden Corp lessened its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 843,455 shares of the technology company’s stock after selling 132,748 shares during the period. Boston Trust Walden Corp owned 2.93% of CSG Systems International worth $54,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. acquired a new stake in shares of CSG Systems International during the 2nd quarter worth about $10,859,000. Lazard Asset Management LLC raised its holdings in CSG Systems International by 75.7% in the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after acquiring an additional 62,763 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in CSG Systems International by 198.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company’s stock worth $5,460,000 after acquiring an additional 55,600 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of CSG Systems International during the second quarter worth approximately $3,321,000. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of CSG Systems International in the first quarter valued at approximately $1,886,000. 91.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSGS. William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada downgraded shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Finally, Northland Capmk cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.81.

CSG Systems International Stock Performance

CSGS opened at $76.92 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. CSG Systems International, Inc. has a 52-week low of $49.23 and a 52-week high of $79.20. The firm has a market cap of $2.19 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.00 and a beta of 0.88. The business’s fifty day moving average is $76.44 and its 200-day moving average is $68.29.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. The business had revenue of $303.62 million during the quarter, compared to analysts’ expectations of $278.76 million. Sell-side analysts expect that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 22nd. CSG Systems International’s dividend payout ratio (DPR) is 43.39%.

About CSG Systems International

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.