Bahl & Gaynor Inc. Has $27.07 Million Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Bahl & Gaynor Inc. raised its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 508,748 shares of the technology company’s stock after buying an additional 24,385 shares during the period. Bahl & Gaynor Inc.’s holdings in CSG Systems International were worth $27,070,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of CSG Systems International by 112.4% during the third quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock worth $1,363,000 after purchasing an additional 14,104 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of CSG Systems International by 3.8% during 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 in the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of CSG Systems International by 1.0% during 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 in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Trading Down 0.3 %

Shares of CSGS traded down $0.13 on Friday, reaching $48.06. 132,875 shares of the company’s stock were exchanged, compared to its average volume of 275,352. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. The business has a 50 day moving average price of $51.07 and a two-hundred day moving average price of $51.26. CSG Systems International, Inc. has a 12 month low of $45.27 and a 12 month high of $69.35.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. Research analysts anticipate that CSG Systems International, Inc. will post 3.26 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is presently 54.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $63.00 target price on shares of CSG Systems International in a research report on Thursday, February 8th. Finally, Wells Fargo & Company reduced their target price on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

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.