CSG Systems International, Inc. $CSGS Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 344.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,688 shares of the technology company’s stock after purchasing an additional 8,284 shares during the period. SG Americas Securities LLC’s holdings in CSG Systems International were worth $688,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in CSG Systems International by 35.0% during the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after purchasing an additional 220 shares during the last quarter. TD Private Client Wealth LLC increased its position in CSG Systems International by 18.4% during the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after acquiring an additional 390 shares during the period. Jump Financial LLC acquired a new position in shares of CSG Systems International during the second quarter valued at about $240,000. Harbor Capital Advisors Inc. increased its stake in CSG Systems International by 10.7% during the third quarter. Harbor Capital Advisors Inc. now owns 8,244 shares of the technology company’s stock valued at $531,000 after acquiring an additional 794 shares during the period. Finally, Curbstone Financial Management Corp raised its holdings in CSG Systems International by 2.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 18,620 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSGS. Royal Bank Of Canada cut shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Northland Securities cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research note on Wednesday, October 29th. Finally, Benchmark cut CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.81.

CSG Systems International Stock Up 0.3%

CSG Systems International stock opened at $79.76 on Thursday. The company has a market cap of $2.27 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.89. CSG Systems International, Inc. has a 1-year low of $52.94 and a 1-year high of $79.88. The company has a fifty day simple moving average of $77.87 and a 200 day simple moving average of $69.96. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.86.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The firm had revenue of $303.62 million during the quarter, compared to analysts’ expectations of $278.76 million. Research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd. CSG Systems International’s dividend payout ratio is presently 43.39%.

CSG Systems International Profile

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.