Glenmede Trust Co. NA held its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,618 shares of the technology company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in CSG Systems International were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CSGS. Meadow Creek Investment Management LLC raised its stake in shares of CSG Systems International by 16.0% in the first quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock worth $112,000 after buying an additional 408 shares in the last quarter. Comerica Bank raised its stake in shares of CSG Systems International by 5.3% in the first quarter. Comerica Bank now owns 36,371 shares of the technology company’s stock worth $1,389,000 after buying an additional 1,838 shares in the last quarter. LSV Asset Management raised its stake in shares of CSG Systems International by 2.2% in the first quarter. LSV Asset Management now owns 1,410,588 shares of the technology company’s stock worth $53,334,000 after buying an additional 30,936 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of CSG Systems International during the first quarter worth $1,132,000. Finally, River Road Asset Management LLC raised its stake in shares of CSG Systems International by 8.8% in the first quarter. River Road Asset Management LLC now owns 1,090,643 shares of the technology company’s stock worth $41,237,000 after buying an additional 87,927 shares in the last quarter. 94.37% of the stock is currently owned by institutional investors.

Shares of CSG Systems International, Inc. (CSGS) opened at 41.97 on Friday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 22.38 and a beta of 1.09. The stock’s 50 day moving average is $40.53 and its 200-day moving average is $41.62. CSG Systems International, Inc. has a 52-week low of $35.48 and a 52-week high of $51.34.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, May 3rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by $0.08. CSG Systems International had a net margin of 8.03% and a return on equity of 27.58%. The business had revenue of $192.50 million for the quarter, compared to analyst estimates of $192 million. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts forecast that CSG Systems International, Inc. will post $2.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th were paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, June 5th. CSG Systems International’s dividend payout ratio is presently 42.02%.

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A number of brokerages have weighed in on CSGS. Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a report on Monday.

In related news, Director Donald Reed sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $41.53, for a total value of $207,650.00. Following the completion of the sale, the director now owns 40,868 shares in the company, valued at approximately $1,697,248.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth M. Kennedy sold 3,891 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $39.10, for a total transaction of $152,138.10. Following the completion of the sale, the executive vice president now owns 49,609 shares of the company’s stock, valued at approximately $1,939,711.90. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by corporate insiders.

About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

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

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