Wedge Capital Management L L P NC Has $844,000 Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Wedge Capital Management L L P NC lessened its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,871 shares of the technology company’s stock after selling 911 shares during the period. Wedge Capital Management L L P NC owned 0.05% of CSG Systems International worth $844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bahl & Gaynor Inc. grew its stake in shares of CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after acquiring an additional 36,488 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of CSG Systems International by 112.4% in the third quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock worth $1,363,000 after acquiring an additional 14,104 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after acquiring an additional 8,395 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of CSG Systems International by 3.8% in 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 acquiring an additional 2,524 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

CSG Systems International stock opened at $48.19 on Friday. The stock has a 50-day simple moving average of $51.17 and a 200 day simple moving average of $51.29. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. CSG Systems International, Inc. has a 12-month low of $45.27 and a 12-month high of $69.35. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.53 and a beta of 0.82.

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

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 14th. CSG Systems International’s payout ratio is currently 54.79%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada assumed coverage on CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued 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 CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

CSG Systems International Company 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.