CSG Systems International, Inc. (CSGS) Shares Bought by Mason Street Advisors LLC
Mason Street Advisors LLC lifted its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,594 shares of the technology company’s stock after purchasing an additional 244 shares during the period. Mason Street Advisors LLC’s holdings in CSG Systems International were worth $448,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of CSGS. Cavalier Investments LLC bought a new position in CSG Systems International in the fourth quarter worth about $85,000. Next Capital Management LLC bought a new position in CSG Systems International in the fourth quarter worth about $191,000. Wedge Capital Management L L P NC bought a new position in CSG Systems International in the first quarter worth about $212,000. Raymond James Trust N.A. bought a new position in CSG Systems International in the first quarter worth about $223,000. Finally, Alambic Investment Management L.P. bought a new position in CSG Systems International in the fourth quarter worth about $324,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Donald Reed sold 6,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $46.09, for a total transaction of $313,412.00. Following the transaction, the director now owns 34,868 shares in the company, valued at $1,607,066.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.94% of the company’s stock.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). The business had revenue of $227.66 million for the quarter, compared to the consensus estimate of $225.95 million. CSG Systems International had a net margin of 7.77% and a return on equity of 24.90%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. As a group, analysts anticipate that CSG Systems International, Inc. will post 2.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.222 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.01%. CSG Systems International’s dividend payout ratio (DPR) is presently 34.10%.
A number of research firms have recently weighed in on CSGS. TheStreet raised CSG Systems International from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. B. Riley began coverage on CSG Systems International in a report on Thursday, February 14th. They set a “buy” rating and a $51.00 price target on the stock. ValuEngine raised CSG Systems International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research cut CSG Systems International from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, BidaskClub raised CSG Systems International from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.00.
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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 offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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