MetLife Investment Advisors LLC purchased a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,258 shares of the technology company’s stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also modified their holdings of CSGS. Schroder Investment Management Group increased its holdings in shares of CSG Systems International by 33.1% during the fourth quarter. Schroder Investment Management Group now owns 685,925 shares of the technology company’s stock valued at $30,057,000 after purchasing an additional 170,577 shares during the period. Teachers Advisors LLC increased its holdings in shares of CSG Systems International by 15.5% during the fourth quarter. Teachers Advisors LLC now owns 439,427 shares of the technology company’s stock valued at $19,256,000 after purchasing an additional 58,902 shares during the period. Martingale Asset Management L P increased its holdings in shares of CSG Systems International by 71.1% during the fourth quarter. Martingale Asset Management L P now owns 104,232 shares of the technology company’s stock valued at $4,568,000 after purchasing an additional 43,314 shares during the period. Alambic Investment Management L.P. increased its holdings in shares of CSG Systems International by 35.0% during the fourth quarter. Alambic Investment Management L.P. now owns 155,000 shares of the technology company’s stock valued at $6,792,000 after purchasing an additional 40,150 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of CSG Systems International by 222.7% during the fourth quarter. Arizona State Retirement System now owns 56,343 shares of the technology company’s stock valued at $2,469,000 after purchasing an additional 38,885 shares during the period. 94.28% of the stock is currently owned by institutional investors.

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NASDAQ:CSGS opened at $46.18 on Tuesday. The stock has a market cap of $1,518.96, a P/E ratio of 22.86 and a beta of 0.92. CSG Systems International, Inc. has a 52-week low of $35.48 and a 52-week high of $48.82. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.90.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 7th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.03). The firm had revenue of $205.20 million for the quarter, compared to analyst estimates of $199.21 million. CSG Systems International had a return on equity of 21.47% and a net margin of 7.77%. CSG Systems International’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. sell-side analysts anticipate that CSG Systems International, Inc. will post 2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were issued a dividend of $0.21 per share. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, March 13th. CSG Systems International’s payout ratio is presently 41.58%.

In related news, CFO Randy Wiese sold 11,965 shares of CSG Systems International stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $46.86, for a total transaction of $560,679.90. Following the transaction, the chief financial officer now directly owns 67,829 shares of the company’s stock, valued at $3,178,466.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bret C. Griess sold 20,000 shares of CSG Systems International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $48.42, for a total value of $968,400.00. Following the transaction, the chief executive officer now directly owns 242,690 shares in the company, valued at $11,751,049.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,279 shares of company stock worth $2,764,667. 2.16% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on CSGS. BidaskClub raised CSG Systems International from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Stifel Nicolaus lifted their target price on CSG Systems International from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. ValuEngine raised CSG Systems International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th.

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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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