55,750 Shares in CSG Systems International, Inc. $CSGS Bought by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in CSG Systems International, Inc. (NASDAQ:CSGS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,750 shares of the technology company’s stock, valued at approximately $4,275,000.

A number of other hedge funds have also modified their holdings of the stock. Lazard Asset Management LLC grew its holdings in shares of CSG Systems International by 75.7% in the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after acquiring an additional 62,763 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of CSG Systems International by 12.7% in the third quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $7,745,000 after buying an additional 13,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of CSG Systems International by 36.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock worth $7,323,000 after buying an additional 30,150 shares during the period. ABC Arbitrage SA acquired a new stake in shares of CSG Systems International in the fourth quarter worth $6,406,000. Finally, Gabelli Funds LLC acquired a new stake in shares of CSG Systems International in the fourth quarter worth $6,064,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Price Performance

CSGS opened at $80.70 on Monday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.06 and a beta of 0.81. CSG Systems International, Inc. has a 1 year low of $60.54 and a 1 year high of $80.73. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average price of $80.17 and a 200 day moving average price of $79.05.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.33. The firm had revenue of $313.73 million during the quarter, compared to analysts’ expectations of $277.80 million. CSG Systems International had a return on equity of 39.49% and a net margin of 5.14%. Analysts forecast that CSG Systems International, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised CSG Systems International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSG Systems International currently has a consensus rating of “Hold” and an average target price of $77.23.

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.