Great Lakes Advisors LLC Trims Position in CSG Systems International, Inc. $CSGS

Great Lakes Advisors LLC lessened its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 48.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 54,077 shares of the technology company’s stock after selling 51,222 shares during the period. Great Lakes Advisors LLC’s holdings in CSG Systems International were worth $3,481,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in CSG Systems International by 35.0% during the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after acquiring an additional 220 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of CSG Systems International in the second quarter valued at $10,859,000. Bank of New York Mellon Corp lifted its stake in CSG Systems International by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after purchasing an additional 7,908 shares during the last quarter. Willis Investment Counsel raised its holdings in shares of CSG Systems International by 91.2% in the second quarter. Willis Investment Counsel now owns 35,341 shares of the technology company’s stock worth $2,308,000 after buying an additional 16,862 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in CSG Systems International by 24.8% in the second quarter. Hillsdale Investment Management Inc. now owns 106,700 shares of the technology company’s stock worth $6,969,000 after purchasing an additional 21,200 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Stock Up 0.1%

CSGS stock opened at $79.75 on Friday. CSG Systems International, Inc. has a one year low of $54.65 and a one year high of $80.28. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $2.27 billion, a PE ratio of 27.03, a P/E/G ratio of 1.88 and a beta of 0.89. The firm’s fifty day moving average is $78.10 and its 200 day moving average is $70.70.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%. On average, research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were issued a $0.32 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. CSG Systems International’s dividend payout ratio is presently 43.39%.

Wall Street Analyst Weigh In

CSGS has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Oppenheimer downgraded CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research note on Wednesday, October 29th. Benchmark cut CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Northland Securities lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, CSG Systems International has an average rating of “Hold” and a consensus target price of $73.81.

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.