25,712 Shares in CSG Systems International, Inc. (NASDAQ:CSGS) Purchased by Advisors Preferred LLC

Advisors Preferred LLC purchased a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,712 shares of the technology company’s stock, valued at approximately $1,300,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSGS. Independence Bank of Kentucky bought a new stake in shares of CSG Systems International during the 4th quarter worth $80,000. TD Private Client Wealth LLC increased its position in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the last quarter. Quantbot Technologies LP bought a new stake in CSG Systems International in the 3rd quarter worth approximately $294,000. Cornercap Investment Counsel Inc. boosted its stake in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares in the last quarter. Finally, Willis Investment Counsel grew its position in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after acquiring an additional 668 shares during the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Stock Down 1.0 %

CSG Systems International stock opened at $64.39 on Friday. The stock has a fifty day moving average of $53.75 and a 200 day moving average of $50.33. The stock has a market cap of $1.87 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $65.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. As a group, sell-side analysts predict that CSG Systems International, Inc. will post 3.44 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International’s payout ratio is presently 39.47%.

Analysts Set New Price Targets

Several research firms have weighed in on CSGS. Wells Fargo & Company boosted their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. Cantor Fitzgerald increased their target price on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada raised their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Benchmark reiterated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

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.