CSG Systems International, Inc. (NASDAQ:CSGS) Stake Lowered by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,090 shares of the technology company’s stock after selling 150 shares during the period. Nisa Investment Advisors LLC’s holdings in CSG Systems International were worth $734,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CSGS. Meadow Creek Investment Management LLC raised its position in 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 during the last quarter. Tudor Investment Corp ET AL acquired a new position in CSG Systems International during the first quarter worth $223,000. Palo Capital Inc. acquired a new position in CSG Systems International during the second quarter worth $231,000. Jensen Investment Management Inc. raised its position in CSG Systems International by 14.9% in the first quarter. Jensen Investment Management Inc. now owns 11,560 shares of the technology company’s stock worth $437,000 after buying an additional 1,500 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in CSG Systems International during the first quarter worth $471,000. 94.57% of the stock is currently owned by institutional investors and hedge funds.
CSG Systems International, Inc. (NASDAQ:CSGS) traded down 0.401% on Tuesday, hitting $38.545. The company had a trading volume of 42,860 shares. CSG Systems International, Inc. has a one year low of $35.48 and a one year high of $51.34. The stock has a 50 day moving average of $41.24 and a 200-day moving average of $40.31. The stock has a market capitalization of $1.30 billion, a PE ratio of 20.287 and a beta of 1.09.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to the consensus estimate of $194.58 million. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. CSG Systems International’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. Equities analysts anticipate that CSG Systems International, Inc. will post $2.52 EPS for the current year.
A number of research analysts recently weighed in on CSGS shares. Zacks Investment Research raised CSG Systems International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $47.00 target price on shares of CSG Systems International in a report on Monday, July 10th. Finally, BidaskClub lowered CSG Systems International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.
In other CSG Systems International news, Director Donald Reed sold 5,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was 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 directly owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth M. Kennedy sold 3,891 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $39.10, for a total value of $152,138.10. Following the completion of the sale, the executive vice president now directly owns 49,609 shares of the company’s stock, valued at $1,939,711.90. The disclosure for this sale can be found here. Company insiders own 2.57% of the company’s stock.
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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