Tudor Investment Corp ET AL Has $615,000 Stake in CSG Systems International, Inc. $CSGS

Tudor Investment Corp ET AL lowered its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 53.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,554 shares of the technology company’s stock after selling 10,981 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CSG Systems International were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S acquired a new position in CSG Systems International during the third quarter worth $637,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of CSG Systems International by 36.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock valued at $7,323,000 after buying an additional 30,150 shares during the last quarter. Kendall Capital Management grew its holdings in shares of CSG Systems International by 9.9% during the third quarter. Kendall Capital Management now owns 66,285 shares of the technology company’s stock valued at $4,267,000 after buying an additional 5,950 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of CSG Systems International during the third quarter worth about $25,000. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of CSG Systems International by 12.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $7,745,000 after acquiring an additional 13,600 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.1%

Shares of CSG Systems International stock opened at $79.94 on Wednesday. The company has a market capitalization of $2.28 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87. The stock has a fifty day simple moving average of $79.83 and a 200 day simple moving average of $75.76. CSG Systems International, Inc. has a 12-month low of $54.65 and a 12-month high of $80.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.90.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.20. The business had revenue of $323.09 million for the quarter, compared to analysts’ expectations of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. On average, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s payout ratio is currently 68.34%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.43.

About CSG Systems International

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.