CSG Systems International, Inc. (CSGS) Position Trimmed by Zebra Capital Management LLC
Zebra Capital Management LLC decreased its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 25.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,016 shares of the technology company’s stock after selling 6,992 shares during the quarter. Zebra Capital Management LLC’s holdings in CSG Systems International were worth $818,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP increased its position in CSG Systems International by 202.3% during the first quarter. Quantbot Technologies LP now owns 4,232 shares of the technology company’s stock worth $191,000 after buying an additional 2,832 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CSG Systems International during the second quarter worth approximately $272,000. Xact Kapitalforvaltning AB increased its position in CSG Systems International by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after buying an additional 1,400 shares during the period. Wedge Capital Management L L P NC increased its position in CSG Systems International by 24.7% during the second quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after buying an additional 1,411 shares during the period. Finally, Alps Advisors Inc. acquired a new position in CSG Systems International during the second quarter worth approximately $728,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.
Several research analysts have commented on the company. BidaskClub raised CSG Systems International from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Friday, June 29th. ValuEngine raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Sidoti started coverage on CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.67.
CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 1st. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $211.45 million. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. equities analysts predict that CSG Systems International, Inc. will post 2.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Wednesday, September 12th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, September 11th. CSG Systems International’s payout ratio is currently 41.58%.
CSG Systems International Profile
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.
Further Reading: Earnings Per Share
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