Nelson Van Denburg & Campbell Wealth Management Group LLC Takes $25,000 Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in CSG Systems International, Inc. (NASDAQ:CSGS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 500 shares of the technology company’s stock, valued at approximately $25,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gresham Partners LLC acquired a new stake in shares of CSG Systems International in the 2nd quarter valued at $72,000. Russell Investments Group Ltd. raised its stake in CSG Systems International by 27.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,259 shares of the technology company’s stock worth $647,000 after acquiring an additional 2,853 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in CSG Systems International by 6.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,237 shares of the technology company’s stock worth $891,000 after acquiring an additional 1,069 shares in the last quarter. Pinebridge Investments L.P. raised its stake in CSG Systems International by 4.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 30,974 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 1,419 shares in the last quarter. Finally, Balter Liquid Alternatives LLC raised its stake in CSG Systems International by 21.1% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 43,821 shares of the technology company’s stock worth $2,140,000 after acquiring an additional 7,648 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.

Several equities research analysts recently commented on CSGS shares. BidaskClub lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 17th. Sidoti lowered shares of CSG Systems International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley set a $58.00 price objective on shares of CSG Systems International and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, ValuEngine lowered shares of CSG Systems International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $57.50.

NASDAQ CSGS opened at $52.12 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $1.69 billion, a PE ratio of 17.86 and a beta of 1.00. CSG Systems International, Inc. has a one year low of $30.40 and a one year high of $57.20. The firm’s fifty day moving average is $52.52 and its two-hundred day moving average is $48.41.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The company had revenue of $245.90 million for the quarter, compared to analyst estimates of $227.60 million. CSG Systems International had a net margin of 7.95% and a return on equity of 25.57%. CSG Systems International’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. Research analysts predict that CSG Systems International, Inc. will post 2.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 12th. CSG Systems International’s payout ratio is 34.10%.

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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Institutional Ownership by Quarter for CSG Systems International (NASDAQ:CSGS)

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