CSG Systems International, Inc. (CSGS) Position Lowered by Systematic Financial Management LP
Systematic Financial Management LP reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,592 shares of the technology company’s stock after selling 1,615 shares during the quarter. Systematic Financial Management LP owned about 0.13% of CSG Systems International worth $1,728,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Jensen Investment Management Inc. lifted its stake in shares of CSG Systems International by 24.1% in the second quarter. Jensen Investment Management Inc. now owns 14,350 shares of the technology company’s stock worth $582,000 after acquiring an additional 2,790 shares during the period. Karp Capital Management Corp acquired a new position in shares of CSG Systems International in the first quarter worth approximately $471,000. Eaton Vance Management lifted its stake in shares of CSG Systems International by 9.7% in the second quarter. Eaton Vance Management now owns 295,521 shares of the technology company’s stock worth $11,992,000 after acquiring an additional 26,009 shares during the period. Geode Capital Management LLC lifted its stake in shares of CSG Systems International by 13.7% in the first quarter. Geode Capital Management LLC now owns 448,882 shares of the technology company’s stock worth $16,972,000 after acquiring an additional 54,141 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of CSG Systems International by 54.9% in the first quarter. OppenheimerFunds Inc. now owns 15,301 shares of the technology company’s stock worth $579,000 after acquiring an additional 5,425 shares during the period. 91.17% of the stock is currently owned by institutional investors.
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A number of equities analysts recently commented on the company. Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a research note on Monday, July 10th. Finally, BidaskClub lowered CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.
CSG Systems International, Inc. (CSGS) opened at 37.44 on Friday. CSG Systems International, Inc. has a 1-year low of $35.48 and a 1-year high of $51.34. The company has a 50 day moving average price of $38.65 and a 200-day moving average price of $39.19. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.71 and a beta of 1.06.
CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to analysts’ expectations of $194.58 million. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. CSG Systems International’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. On average, analysts forecast that CSG Systems International, Inc. will post $2.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Wednesday, September 6th will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, September 1st. CSG Systems International’s dividend payout ratio is presently 41.58%.
In related news, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.07, for a total transaction of $42,937.93. Following the completion of the sale, the insider now directly owns 16,574 shares in the company, valued at approximately $647,546.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank V. Sica sold 3,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the sale, the director now owns 21,550 shares of the company’s stock, valued at $812,435. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.
CSG Systems International 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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