LSV Asset Management Has $88.93 Million Position in CSG Systems International, Inc. $CSGS

LSV Asset Management lessened its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,381,331 shares of the technology company’s stock after selling 14,357 shares during the period. LSV Asset Management owned approximately 4.80% of CSG Systems International worth $88,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of CSG Systems International by 30.9% in the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after purchasing an additional 129 shares during the period. California State Teachers Retirement System boosted its stake in CSG Systems International by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after buying an additional 241 shares in the last quarter. Curbstone Financial Management Corp grew its position in CSG Systems International by 2.9% in the third quarter. Curbstone Financial Management Corp now owns 18,620 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 520 shares during the period. Harbor Capital Advisors Inc. grew its position in CSG Systems International by 10.7% in the third quarter. Harbor Capital Advisors Inc. now owns 8,244 shares of the technology company’s stock valued at $531,000 after acquiring an additional 794 shares during the period. Finally, Leuthold Group LLC raised its stake in CSG Systems International by 2.4% during the second quarter. Leuthold Group LLC now owns 43,593 shares of the technology company’s stock worth $2,847,000 after acquiring an additional 1,014 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CSGS shares. Oppenheimer downgraded shares of CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada cut shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.94.

CSG Systems International Stock Up 0.0%

Shares of NASDAQ:CSGS opened at $79.61 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. The firm has a market cap of $2.27 billion, a P/E ratio of 40.01, a P/E/G ratio of 1.88 and a beta of 0.88. CSG Systems International, Inc. has a 12 month low of $54.65 and a 12 month high of $80.67. The company’s 50-day moving average price is $78.39 and its two-hundred day moving average price is $71.78.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The company had revenue of $323.09 million for the quarter, compared to analyst estimates of $296.25 million. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.34 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. CSG Systems International’s payout ratio is 64.32%.

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.