Foundry Partners LLC raised its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,141 shares of the technology company’s stock after buying an additional 14,483 shares during the period. Foundry Partners LLC’s holdings in CSG Systems International were worth $7,797,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CSGS. LSV Asset Management raised its stake in 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 valued at $53,334,000 after buying an additional 30,936 shares in the last quarter. River Road Asset Management LLC raised its stake in 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 valued at $41,237,000 after buying an additional 87,927 shares in the last quarter. Schroder Investment Management Group raised its stake in CSG Systems International by 8.8% in the first quarter. Schroder Investment Management Group now owns 889,318 shares of the technology company’s stock valued at $33,794,000 after buying an additional 71,849 shares in the last quarter. State Street Corp raised its stake in CSG Systems International by 6.6% in the first quarter. State Street Corp now owns 777,859 shares of the technology company’s stock valued at $29,407,000 after buying an additional 48,447 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in CSG Systems International by 13.7% in the first quarter. Geode Capital Management LLC now owns 448,882 shares of the technology company’s stock valued at $16,972,000 after buying an additional 54,141 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) opened at 37.61 on Friday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 19.79 and a beta of 1.09. The company has a 50 day moving average of $40.73 and a 200 day moving average of $39.88. 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, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $192.70 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. Analysts predict that CSG Systems International, Inc. will post $2.52 EPS for the current fiscal year.

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CSGS has been the topic of several recent research reports. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a research report on Monday, July 10th.

In related news, Director Frank V. Sica sold 3,000 shares of CSG Systems International stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $37.70, for a total transaction of $113,100.00. Following the transaction, the director now directly owns 21,550 shares of the company’s stock, valued at $812,435. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donald Reed sold 5,000 shares of CSG Systems International stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $41.53, for a total value of $207,650.00. Following the transaction, the director now directly owns 40,868 shares in the company, valued at $1,697,248.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,099 shares of company stock worth $363,688. 2.57% of the stock is owned by corporate insiders.

CSG Systems International Company Profile

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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