Kendall Capital Management Decreases Holdings in CSG Systems International, Inc. $CSGS

Kendall Capital Management trimmed its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,985 shares of the technology company’s stock after selling 6,300 shares during the period. CSG Systems International comprises approximately 1.0% of Kendall Capital Management’s investment portfolio, making the stock its 26th largest holding. Kendall Capital Management’s holdings in CSG Systems International were worth $4,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGS. Fort Washington Investment Advisors Inc. OH grew its position in CSG Systems International by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after buying an additional 84,240 shares during the period. Lazard Asset Management LLC raised its position in CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after acquiring an additional 62,763 shares during the period. Marshall Wace LLP purchased a new position in CSG Systems International in the second quarter valued at about $3,321,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CSG Systems International by 36.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock valued at $7,323,000 after acquiring an additional 30,150 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of CSG Systems International by 12.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock valued at $7,745,000 after acquiring an additional 13,600 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.43.

CSG Systems International Stock Down 0.1%

CSGS stock opened at $80.05 on Friday. The stock has a fifty day moving average of $79.84 and a 200-day moving average of $75.82. CSG Systems International, Inc. has a fifty-two week low of $54.65 and a fifty-two week high of $80.67. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 1.90 and a beta of 0.87. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.44 and a current ratio of 1.44.

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

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 18th. CSG Systems International’s payout ratio is presently 68.34%.

About CSG Systems International

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.