Quantbot Technologies LP lowered its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 43.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,654 shares of the technology company’s stock after selling 14,154 shares during the quarter. Quantbot Technologies LP’s holdings in CSG Systems International were worth $748,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of CSG Systems International during the third quarter valued at approximately $187,000. Raymond James Trust N.A. bought a new stake in shares of CSG Systems International during the third quarter valued at approximately $215,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CSG Systems International during the second quarter valued at approximately $272,000. Wedge Capital Management L L P NC raised its position in shares of 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 valued at $291,000 after buying an additional 1,411 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of CSG Systems International during the second quarter valued at approximately $728,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.

CSGS stock opened at $33.56 on Thursday. CSG Systems International, Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $48.82. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.12 billion, a P/E ratio of 16.61 and a beta of 0.86.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.14. CSG Systems International had a net margin of 7.23% and a return on equity of 21.86%. The firm had revenue of $213.00 million during the quarter, compared to analyst estimates of $216.87 million. During the same period last year, the firm posted $0.64 earnings per share. CSG Systems International’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that CSG Systems International, Inc. will post 2.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Wednesday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, December 4th. CSG Systems International’s dividend payout ratio (DPR) is presently 41.58%.

Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of CSG Systems International from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Sidoti assumed coverage on shares of CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, BidaskClub upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.33.

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CSG Systems International Company 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.

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Institutional Ownership by Quarter for CSG Systems International (NASDAQ:CSGS)

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