CSG Systems International, Inc. $CSGS Stock Position Cut by LSV Asset Management

LSV Asset Management lessened its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 32.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 928,875 shares of the technology company’s stock after selling 452,456 shares during the quarter. LSV Asset Management’s holdings in CSG Systems International were worth $71,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSGS. ABC Arbitrage SA bought a new position in shares of CSG Systems International during the 4th quarter valued at about $6,406,000. Gabelli Funds LLC bought a new position in shares of CSG Systems International during the 4th quarter valued at about $6,064,000. Lazard Asset Management LLC boosted its position in shares of CSG Systems International by 75.7% during the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after purchasing an additional 62,763 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of CSG Systems International during the 4th quarter valued at about $4,275,000. Finally, Marshall Wace LLP bought a new position in shares of CSG Systems International during the 2nd quarter valued at about $3,321,000. Institutional investors own 91.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of CSG Systems International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.23.

CSG Systems International Stock Performance

Shares of CSGS opened at $80.70 on Friday. CSG Systems International, Inc. has a one year low of $60.54 and a one year high of $80.73. The company has a 50-day moving average of $80.25 and a two-hundred day moving average of $79.19. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.53 and a quick ratio of 1.53.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, May 6th. The technology company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.04 by $0.33. CSG Systems International had a net margin of 5.14% and a return on equity of 39.49%. The company had revenue of $313.73 million during the quarter, compared to analysts’ expectations of $277.80 million. On average, equities research analysts expect that CSG Systems International, Inc. will post 3.91 earnings per share for the current year.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.