Tudor Investment Corp ET AL Has $615,000 Holdings in CSG Systems International, Inc. $CSGS

Tudor Investment Corp ET AL decreased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 53.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,554 shares of the technology company’s stock after selling 10,981 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CSG Systems International were worth $615,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CSGS. Danske Bank A S acquired a new position in CSG Systems International in the third quarter valued at $637,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in CSG Systems International by 36.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock worth $7,323,000 after acquiring an additional 30,150 shares during the period. Kendall Capital Management raised its position in shares of CSG Systems International by 9.9% in the 3rd quarter. Kendall Capital Management now owns 66,285 shares of the technology company’s stock worth $4,267,000 after acquiring an additional 5,950 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of CSG Systems International in the 3rd quarter worth about $25,000. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of CSG Systems International by 12.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock valued at $7,745,000 after purchasing an additional 13,600 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.43.

CSG Systems International Stock Up 0.1%

Shares of NASDAQ CSGS opened at $79.94 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. The firm has a market cap of $2.28 billion, a PE ratio of 40.17, a P/E/G ratio of 1.89 and a beta of 0.87. The company’s fifty day simple moving average is $79.83 and its 200 day simple moving average is $75.76. CSG Systems International, Inc. has a 12-month low of $54.65 and a 12-month high of $80.67.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.20. The firm had revenue of $323.09 million during the quarter, compared to the consensus estimate of $296.25 million. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. As a group, sell-side analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a dividend of $0.34 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. CSG Systems International’s dividend payout ratio (DPR) is currently 68.34%.

CSG Systems International Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.