CSG Systems International, Inc. (CSGS) Shares Bought by Eaton Vance Management
Eaton Vance Management grew its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,521 shares of the technology company’s stock after buying an additional 26,009 shares during the quarter. Eaton Vance Management owned 0.88% of CSG Systems International worth $11,992,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its stake in shares of CSG Systems International by 16.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. Airain ltd purchased a new position in shares of CSG Systems International during the 2nd quarter valued at approximately $215,000. Hikari Power Ltd purchased a new position in shares of CSG Systems International during the 2nd quarter valued at approximately $217,000. Tudor Investment Corp ET AL purchased a new position in shares of CSG Systems International during the 1st quarter valued at approximately $223,000. Finally, Palo Capital Inc. purchased a new position in shares of CSG Systems International during the 2nd quarter valued at approximately $231,000. Institutional investors own 91.17% of the company’s stock.
In other CSG Systems International news, Director Frank V. Sica sold 3,000 shares of CSG Systems International stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $37.70, for a total value of $113,100.00. Following the transaction, the director now directly owns 21,550 shares of the company’s stock, valued at approximately $812,435. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rolland B. Johns sold 1,099 shares of CSG Systems International stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.07, for a total value of $42,937.93. Following the completion of the transaction, the insider now directly owns 16,574 shares in the company, valued at $647,546.18. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.
CSG Systems International, Inc. (CSGS) opened at 38.59 on Tuesday. The stock has a market capitalization of $1.25 billion, a PE ratio of 20.31 and a beta of 1.06. The stock’s 50 day moving average price is $39.08 and its 200 day moving average price is $39.24. CSG Systems International, Inc. has a 1-year low of $35.48 and a 1-year high of $51.34.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million for the quarter, compared to the consensus estimate of $194.58 million. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. Equities research analysts forecast that CSG Systems International, Inc. will post $2.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be given a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, September 1st. CSG Systems International’s dividend payout ratio is currently 41.58%.
Several equities analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of CSG Systems International in a research note on Monday, July 10th. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, May 23rd. Finally, BidaskClub cut CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.
CSG Systems International Company Profile
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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