LSV Asset Management boosted its position in CSG Systems International Inc. (NASDAQ:CSGS) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,506,652 shares of the company’s stock after buying an additional 11,700 shares during the period. LSV Asset Management owned approximately 4.91% of CSG Systems International worth $62,269,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of CSG Systems International by 1.2% in the first quarter. Geode Capital Management LLC now owns 352,205 shares of the company’s stock worth $15,904,000 after buying an additional 4,185 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of CSG Systems International by 92.0% in the second quarter. BNP Paribas Arbitrage SA now owns 11,046 shares of the company’s stock worth $445,000 after buying an additional 5,293 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of CSG Systems International by 2.4% in the second quarter. Capstone Asset Management Co. now owns 9,973 shares of the company’s stock worth $402,000 after buying an additional 230 shares in the last quarter. Foundry Partners LLC bought a new position in shares of CSG Systems International during the second quarter worth about $5,876,000. Finally, James Investment Research Inc. increased its position in shares of CSG Systems International by 3.4% in the second quarter. James Investment Research Inc. now owns 79,839 shares of the company’s stock worth $3,219,000 after buying an additional 2,660 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

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

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The firm had revenue of $189.30 million for the quarter, compared to analysts’ expectations of $186.75 million. CSG Systems International had a net margin of 9.68% and a return on equity of 34.24%. CSG Systems International’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.74 dividend on an annualized basis and a yield of 1.66%. CSG Systems International’s dividend payout ratio (DPR) is 33.33%.

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A number of equities analysts have recently issued reports on CSGS shares. Stifel Nicolaus cut their price target on shares of CSG Systems International from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, September 22nd. Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, August 8th.

In other CSG Systems International news, insider Rolland B. Johns sold 2,494 shares of CSG Systems International stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $42.14, for a total transaction of $105,097.16. Following the transaction, the insider now directly owns 19,618 shares of the company’s stock, valued at $826,702.52. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.25% of the company’s stock.

CSG Systems International Company Profile

CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.

5 Day Chart for NASDAQ:CSGS

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