CSG Systems International, Inc. (CSGS) Holdings Raised by Pinebridge Investments L.P.
Pinebridge Investments L.P. grew its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,452 shares of the technology company’s stock after acquiring an additional 168 shares during the quarter. Pinebridge Investments L.P.’s holdings in CSG Systems International were worth $180,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CSGS. Airain ltd bought a new stake in shares of CSG Systems International in the second quarter worth about $215,000. Hikari Power Ltd bought a new stake in shares of CSG Systems International in the second quarter worth about $217,000. Tudor Investment Corp ET AL bought a new stake in shares of CSG Systems International in the first quarter worth about $223,000. Palo Capital Inc. bought a new stake in shares of CSG Systems International in the second quarter worth about $231,000. Finally, Blair William & Co. IL increased its holdings in shares of CSG Systems International by 0.5% in the second quarter. Blair William & Co. IL now owns 8,600 shares of the technology company’s stock worth $349,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 91.15% of the company’s stock.
CSG Systems International, Inc. (NASDAQ CSGS) opened at 40.97 on Friday. The company has a market capitalization of $1.32 billion, a P/E ratio of 21.56 and a beta of 1.05. The company’s 50 day moving average price is $38.70 and its 200-day moving average price is $39.26. CSG Systems International, Inc. has a 12-month low of $35.48 and a 12-month high of $51.34.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. The business had revenue of $192.70 million for the quarter, compared to the consensus estimate of $194.58 million. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that CSG Systems International, Inc. will post $2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Wednesday, September 6th were paid a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, September 1st. CSG Systems International’s dividend payout ratio (DPR) is currently 41.58%.
Several equities research analysts have issued reports on CSGS shares. Stifel Nicolaus restated a “buy” rating and issued a $47.00 price target on shares of CSG Systems International in a report on Monday, July 10th. Zacks Investment Research downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub downgraded CSG Systems International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.
In related news, insider Rolland B. Johns sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.07, for a total transaction of $42,937.93. Following the transaction, the insider now directly owns 16,574 shares of the company’s stock, valued at approximately $647,546.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank V. Sica sold 3,000 shares of the company’s 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 in the company, valued at $812,435. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by corporate insiders.
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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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