Quantbot Technologies LP Has $210,000 Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Quantbot Technologies LP decreased its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 32.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,101 shares of the technology company’s stock after selling 1,932 shares during the quarter. Quantbot Technologies LP’s holdings in CSG Systems International were worth $210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CSGS. Martingale Asset Management L P bought a new stake in CSG Systems International in the third quarter valued at about $866,000. Dean Investment Associates LLC grew its position in shares of CSG Systems International by 116.1% during the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after buying an additional 64,066 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in CSG Systems International by 0.6% during 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 last quarter. 91.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSGS has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of 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 shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Northland Securities reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Cantor Fitzgerald boosted their target price on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and an average price target of $71.71.

CSG Systems International Price Performance

CSGS stock opened at $59.53 on Friday. The stock has a 50-day moving average price of $61.20 and a two-hundred day moving average price of $54.47. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60. The stock has a market cap of $1.72 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. Equities analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.15%. CSG Systems International’s dividend payout ratio is presently 42.11%.

Insider Buying and Selling

In related news, Director Ronald Cooper sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the sale, the director now owns 41,561 shares in the company, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.05% of the stock is currently owned by corporate insiders.

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.