LSV Asset Management Has $62,269,000 Stake in CSG Systems International Inc. (CSGS)
LSV Asset Management raised its position in shares of CSG Systems International Inc. (NASDAQ:CSGS) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,506,652 shares of the company’s stock after buying an additional 11,700 shares during the period. LSV Asset Management’s holdings in CSG Systems International were worth $62,269,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CSGS. Blair William & Co. IL raised its stake in CSG Systems International by 3.7% in the second quarter. Blair William & Co. IL now owns 9,418 shares of the company’s stock worth $380,000 after buying an additional 333 shares in the last quarter. Airain ltd purchased a new stake in CSG Systems International during the second quarter worth about $627,000. California Public Employees Retirement System raised its stake in CSG Systems International by 1.7% in the second quarter. California Public Employees Retirement System now owns 30,600 shares of the company’s stock worth $1,234,000 after buying an additional 500 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in CSG Systems International during the second quarter worth about $14,944,000. Finally, Quantbot Technologies LP purchased a new stake in CSG Systems International during the second quarter worth about $116,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CSG Systems International Inc. (NASDAQ:CSGS) opened at 44.14 on Wednesday. The stock’s 50 day moving average is $40.32 and its 200-day moving average is $41.38. CSG Systems International Inc. has a 1-year low of $32.45 and a 1-year high of $46.54. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.89 and a beta of 0.81.
CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 2nd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The company had revenue of $189.30 million for the quarter, compared to the consensus estimate of $186.75 million. CSG Systems International had a return on equity of 34.24% and a net margin of 9.68%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. On average, analysts anticipate that CSG Systems International Inc. will post $2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, December 7th will be issued a $0.185 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.66%. CSG Systems International’s dividend payout ratio is 33.33%.
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A number of research firms have recently issued reports on CSGS. Stifel Nicolaus dropped their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th.
In other news, insider Rolland B. Johns sold 2,494 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $42.14, for a total value of $105,097.16. Following the transaction, the insider now owns 19,618 shares in the company, valued at approximately $826,702.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.25% of the stock is owned by insiders.
About CSG Systems International
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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