Schroder Investment Management Group grew its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 468,426 shares of the technology company’s stock after buying an additional 11,056 shares during the period. Schroder Investment Management Group owned 1.40% of CSG Systems International worth $19,341,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. California Public Employees Retirement System raised its holdings in CSG Systems International by 188.6% during the second quarter. California Public Employees Retirement System now owns 85,291 shares of the technology company’s stock worth $3,486,000 after purchasing an additional 55,737 shares in the last quarter. United Services Automobile Association raised its holdings in CSG Systems International by 441.3% during the second quarter. United Services Automobile Association now owns 138,711 shares of the technology company’s stock worth $6,603,000 after purchasing an additional 113,084 shares in the last quarter. Martingale Asset Management L P raised its holdings in CSG Systems International by 28.8% during the second quarter. Martingale Asset Management L P now owns 137,038 shares of the technology company’s stock worth $5,601,000 after purchasing an additional 30,606 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in CSG Systems International by 39.1% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 426,598 shares of the technology company’s stock worth $17,435,000 after purchasing an additional 119,904 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in CSG Systems International during the second quarter worth about $728,000. 96.73% of the stock is owned by institutional investors and hedge funds.

Shares of CSG Systems International stock opened at $41.62 on Tuesday. CSG Systems International, Inc. has a 12-month low of $36.38 and a 12-month high of $48.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.60 and a beta of 0.84.

CSG Systems International (NASDAQ:CSGS) last issued 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. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The company had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same period last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. sell-side 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. Shareholders of record on Wednesday, September 12th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. CSG Systems International’s dividend payout ratio (DPR) is presently 41.58%.

CSGS has been the subject of several analyst reports. Sidoti initiated coverage on shares of CSG Systems International in a report on Wednesday, August 15th. They set a “buy” rating and a $50.00 price target for the company. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, BidaskClub raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $50.67.

About CSG Systems International

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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