CSG Systems International, Inc. $CSGS Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 478,663 shares of the technology company’s stock after buying an additional 7,908 shares during the quarter. Bank of New York Mellon Corp’s holdings in CSG Systems International were worth $31,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in CSG Systems International by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after acquiring an additional 220 shares during the period. TD Private Client Wealth LLC raised its stake in shares of CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of CSG Systems International by 16.8% during the second quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock worth $487,000 after purchasing an additional 1,071 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in CSG Systems International in the first quarter valued at approximately $1,495,000. Finally, Wedge Capital Management L L P NC increased its holdings in CSG Systems International by 1.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 25,226 shares of the technology company’s stock worth $1,648,000 after buying an additional 379 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $78.49 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a 50 day simple moving average of $68.40 and a 200-day simple moving average of $65.17. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 2.05 and a beta of 0.92. CSG Systems International, Inc. has a 1-year low of $49.23 and a 1-year high of $79.20.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. The business had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. On average, equities research analysts expect that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on CSGS shares. Weiss Ratings restated a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Oppenheimer downgraded CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Benchmark lowered CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CSG Systems International has a consensus rating of “Hold” and a consensus target price of $73.81.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.