Campbell & CO Investment Adviser LLC bought a new stake in CSG Systems International, Inc. (NASDAQ:CSGS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,759 shares of the technology company’s stock, valued at approximately $455,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of CSG Systems International during the first quarter worth about $124,000. Next Capital Management LLC acquired a new stake in shares of CSG Systems International during the fourth quarter worth about $191,000. Wedge Capital Management L L P NC acquired a new stake in shares of CSG Systems International during the first quarter worth about $212,000. Oak Associates Ltd. OH acquired a new stake in shares of CSG Systems International during the first quarter worth about $222,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of CSG Systems International during the first quarter worth about $223,000. Institutional investors and hedge funds own 98.44% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. BidaskClub raised CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.00.
CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). CSG Systems International had a return on equity of 24.90% and a net margin of 7.77%. The business had revenue of $227.66 million for the quarter, compared to the consensus estimate of $225.95 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts expect that CSG Systems International, Inc. will post 2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th were paid a $0.222 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.89 annualized dividend and a yield of 1.82%. CSG Systems International’s dividend payout ratio (DPR) is presently 34.10%.
In related news, Director Donald Reed sold 6,800 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total value of $313,412.00. Following the completion of the sale, the director now directly owns 34,868 shares in the company, valued at approximately $1,607,066.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.
About CSG Systems International
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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