CSG Systems International, Inc. (NASDAQ:CSGS) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 29.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,030 shares of the technology company’s stock after selling 127,956 shares during the quarter. Bahl & Gaynor Inc. owned 1.03% of CSG Systems International worth $12,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. EMC Capital Management grew its stake in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after purchasing an additional 1,056 shares in the last quarter. BNP Paribas Financial Markets grew its stake in CSG Systems International by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 1,644 shares in the last quarter. SG Americas Securities LLC grew its stake in CSG Systems International by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in CSG Systems International during the 1st quarter valued at approximately $190,000. Finally, Sciencast Management LP acquired a new stake in CSG Systems International during the 1st quarter valued at approximately $233,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Wednesday, August 7th. Cantor Fitzgerald lifted their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada decreased their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company decreased their target price on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Finally, StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $58.80.

CSG Systems International Trading Down 0.7 %

Shares of NASDAQ CSGS opened at $45.42 on Thursday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. CSG Systems International, Inc. has a 12-month low of $39.56 and a 12-month high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The stock’s 50 day simple moving average is $45.32 and its 200 day simple moving average is $45.95.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. The business had revenue of $290.30 million for the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Equities research analysts expect that CSG Systems International, Inc. will post 3.43 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

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.