Gabelli Funds LLC Takes $6.06 Million Position in CSG Systems International, Inc. $CSGS

Gabelli Funds LLC purchased a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the fourth quarter, Holdings Channel reports. The fund purchased 79,075 shares of the technology company’s stock, valued at approximately $6,064,000.

A number of other hedge funds have also recently made changes to their positions in the company. Leuthold Group LLC boosted its stake in shares of CSG Systems International by 1.3% during the fourth quarter. Leuthold Group LLC now owns 46,602 shares of the technology company’s stock valued at $3,574,000 after purchasing an additional 590 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of CSG Systems International during the fourth quarter valued at about $6,406,000. ST Germain D J Co. Inc. acquired a new stake in shares of CSG Systems International during the fourth quarter valued at about $177,000. Farther Finance Advisors LLC boosted its stake in shares of CSG Systems International by 108.0% during the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock valued at $65,000 after purchasing an additional 443 shares in the last quarter. Finally, Willis Investment Counsel raised its position in shares of CSG Systems International by 48.6% during the fourth quarter. Willis Investment Counsel now owns 54,097 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 17,681 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Up 0.0%

Shares of NASDAQ CSGS opened at $80.70 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $2.30 billion, a PE ratio of 35.86, a P/E/G ratio of 2.06 and a beta of 0.81. CSG Systems International, Inc. has a one year low of $60.54 and a one year high of $80.73. The business’s fifty day moving average price is $80.21 and its 200-day moving average price is $79.16.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, May 6th. The technology company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.33. The business had revenue of $313.73 million during the quarter, compared to analyst estimates of $277.80 million. CSG Systems International had a return on equity of 39.49% and a net margin of 5.14%. On average, equities research analysts anticipate that CSG Systems International, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded CSG Systems International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, CSG Systems International has a consensus rating of “Hold” and a consensus price target of $77.23.

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.