CSG Systems International, Inc. $CSGS Shares Purchased by Willis Investment Counsel

Willis Investment Counsel lifted its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 48.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,097 shares of the technology company’s stock after purchasing an additional 17,681 shares during the quarter. Willis Investment Counsel owned about 0.19% of CSG Systems International worth $4,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSGS. Fort Washington Investment Advisors Inc. OH increased its stake in CSG Systems International by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock worth $24,295,000 after acquiring an additional 84,240 shares during the last quarter. Lazard Asset Management LLC increased its stake in CSG Systems International by 75.7% during the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after acquiring an additional 62,763 shares during the last quarter. Marshall Wace LLP acquired a new stake in CSG Systems International during the second quarter worth $3,321,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in CSG Systems International by 36.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock worth $7,323,000 after acquiring an additional 30,150 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in CSG Systems International by 12.7% during the third quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $7,745,000 after acquiring an additional 13,600 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

CSGS stock opened at $80.10 on Thursday. The business has a fifty day moving average of $79.86 and a two-hundred day moving average of $76.29. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. CSG Systems International, Inc. has a 52-week low of $56.09 and a 52-week high of $80.67.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%.The business had revenue of $323.09 million during the quarter, compared to analysts’ expectations of $296.25 million. As a group, research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. CSG Systems International’s payout ratio is presently 68.34%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.43.

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.