CSG Systems International, Inc. (NASDAQ:CSGS) Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in shares of CSG Systems International, Inc. ( NASDAQ:CSGS – Free Report ) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.

The institutional investor owned 672,266 shares of the technology company’s stock after selling 6,728 shares during the period. Geode Capital Management LLC’s holdings in CSG Systems International were worth $34,368,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also modified their holdings of CSGS.



Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 9.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares in the last quarter.

Fort Washington Investment Advisors Inc. OH grew its stake in shares of CSG Systems International by 0.4% in the 4th quarter.

Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after purchasing an additional 1,420 shares during the period. New York State Common Retirement Fund grew its stake in CSG Systems International by 3.

1% during the fourth quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock worth $8,683,000 after buying an additional 5,034 shares during the last quarter. River Road Asset Management LLC lifted its position in CSG Systems International by 18.

7% during the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock worth $5,355,000 after buying an additional 16,519 shares in the last quarter. Finally, Hillsdale Investment Management Inc.

acquired a new position in shares of CSG Systems International during the fourth quarter valued at $4,222,000. 91.07% of the stock is owned by institutional investors.

Insider Activity In related news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.

00. Following the completion of the transaction, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82.

This trade represents a 17.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link .

Company insiders own 3.05% of the company’s stock. CSG Systems International Trading Up 0.

1 % CSG Systems International ( NASDAQ:CSGS – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.

20 by $0.20. CSG Systems International had a return on equity of 39.

42% and a net margin of 7.25%. Research analysts anticipate that CSG Systems International, Inc.

will post 3.83 EPS for the current fiscal year. CSG Systems International Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd.

Shareholders of record on Wednesday, March 19th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 19th.

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 yield of 2.14%. CSG Systems International’s dividend payout ratio is currently 42.

11%. Analysts Set New Price Targets CSGS has been the subject of a number of research analyst reports. Northland Securities reissued an “outperform” rating and issued a $80.

00 target price (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. StockNews.

com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Cantor Fitzgerald increased their price target on shares of CSG Systems International from $64.00 to $72.

00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus raised their price objective on CSG Systems International from $60.00 to $66.

00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on CSG Systems International from $58.00 to $69.

00 and gave the company an “outperform” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.

com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71. Get Our Latest Analysis on CSG Systems International About CSG Systems International ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSG Systems International, Inc.

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