Hillsdale Investment Management Inc. Purchases 21,200 Shares of CSG Systems International, Inc. $CSGS

Hillsdale Investment Management Inc. boosted its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 24.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 106,700 shares of the technology company’s stock after purchasing an additional 21,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in CSG Systems International were worth $6,969,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CSGS. GAMMA Investing LLC raised its position in shares of CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after acquiring an additional 220 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in CSG Systems International by 1.5% during the second quarter. Wedge Capital Management L L P NC now owns 25,226 shares of the technology company’s stock worth $1,648,000 after purchasing an additional 379 shares during the period. TD Private Client Wealth LLC increased its holdings in CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares in the last quarter. Rhumbline Advisers increased its holdings in CSG Systems International by 1.2% in the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company’s stock worth $4,836,000 after purchasing an additional 948 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in CSG Systems International by 16.8% in the second quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock valued at $487,000 after buying an additional 1,071 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $77.62 on Friday. CSG Systems International, Inc. has a 1-year low of $49.23 and a 1-year high of $79.20. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. The stock has a market cap of $2.21 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The stock’s fifty day simple moving average is $69.73 and its two-hundred day simple moving average is $65.80.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. As a group, analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 22nd. CSG Systems International’s dividend payout ratio (DPR) is presently 43.39%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSGS. Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. William Blair lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Stifel Nicolaus increased their price objective on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Northland Capmk lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, CSG Systems International currently has an average rating of “Hold” and a consensus target price of $73.81.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.