Great Lakes Advisors LLC Has $7.17 Million Position in CSG Systems International, Inc. $CSGS

Great Lakes Advisors LLC reduced its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 118,634 shares of the technology company’s stock after selling 2,331 shares during the quarter. Great Lakes Advisors LLC’s holdings in CSG Systems International were worth $7,174,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Uniplan Investment Counsel Inc. acquired a new stake in CSG Systems International in the first quarter valued at approximately $1,886,000. Martingale Asset Management L P lifted its stake in CSG Systems International by 31.4% in the first quarter. Martingale Asset Management L P now owns 30,860 shares of the technology company’s stock valued at $1,866,000 after acquiring an additional 7,368 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in CSG Systems International by 18.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after acquiring an additional 216,128 shares during the last quarter. LSV Asset Management lifted its stake in CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock valued at $88,624,000 after acquiring an additional 82,344 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in CSG Systems International in the first quarter valued at approximately $1,495,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. Stifel Nicolaus lifted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wolfe Research assumed coverage on shares of CSG Systems International in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a research note on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.29.

CSG Systems International Price Performance

Shares of CSG Systems International stock opened at $65.31 on Wednesday. The firm has a fifty day simple moving average of $63.25 and a 200-day simple moving average of $62.62. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International, Inc. has a 1-year low of $44.57 and a 1-year high of $67.60. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.69 and a beta of 0.93.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The business had revenue of $271.26 million during the quarter, compared to analysts’ expectations of $267.41 million. During the same period in the previous year, the company earned $1.02 earnings per share. CSG Systems International’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. CSG Systems International’s payout ratio is 44.29%.

CSG Systems International Company Profile

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.