CSG Systems International, Inc. $CSGS Shares Sold by Dean Capital Management

Dean Capital Management decreased its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 27.4% during the 3rd quarter, Holdings Channel reports. The fund owned 26,445 shares of the technology company’s stock after selling 9,993 shares during the quarter. Dean Capital Management’s holdings in CSG Systems International were worth $1,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd raised its holdings in CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares in the last quarter. California State Teachers Retirement System lifted its position in CSG Systems International by 0.9% in the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after purchasing an additional 241 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in CSG Systems International in the 3rd quarter valued at approximately $25,000. Curbstone Financial Management Corp increased its position in CSG Systems International by 2.9% during the 3rd quarter. Curbstone Financial Management Corp now owns 18,620 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 520 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in CSG Systems International by 10.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,244 shares of the technology company’s stock worth $531,000 after purchasing an additional 794 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded 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 given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.43.

CSG Systems International Stock Performance

Shares of CSGS opened at $79.91 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. CSG Systems International, Inc. has a 52-week low of $54.65 and a 52-week high of $80.67. The company has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $74.46. The company has a market capitalization of $2.28 billion, a PE ratio of 40.16, a P/E/G ratio of 1.89 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The firm had revenue of $323.09 million for the quarter, compared to the consensus estimate of $296.25 million. Equities research analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.34 per share. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. CSG Systems International’s dividend payout ratio is presently 64.32%.

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.