EMC Capital Management Sells 1,619 Shares of CSG Systems International, Inc. $CSGS

EMC Capital Management lowered its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 33.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,189 shares of the technology company’s stock after selling 1,619 shares during the period. EMC Capital Management’s holdings in CSG Systems International were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management lifted its stake in shares of CSG Systems International by 6.0% in the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after purchasing an additional 82,344 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in CSG Systems International by 18.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after buying an additional 216,128 shares during the period. Bank of New York Mellon Corp raised its holdings in CSG Systems International by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after buying an additional 7,908 shares during the period. Hennessy Advisors Inc. bought a new stake in CSG Systems International in the second quarter worth $10,859,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CSG Systems International by 198.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company’s stock worth $5,460,000 after buying an additional 55,600 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSGS shares. Stifel Nicolaus increased 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 note on Friday, August 8th. Northland Capmk lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a research note on Wednesday, October 29th. Wall Street Zen lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada downgraded CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $72.00 to $80.70 in a report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.81.

CSG Systems International Trading Up 0.0%

Shares of CSGS opened at $78.24 on Wednesday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. CSG Systems International, Inc. has a 1-year low of $49.23 and a 1-year high of $79.20. The company has a 50-day moving average of $69.19 and a 200 day moving average of $65.63.

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

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 22nd. CSG Systems International’s dividend payout ratio (DPR) is presently 43.39%.

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.