USA Financial Formulas Invests $48,000 in CSG Systems International, Inc. (NASDAQ:CSGS)

USA Financial Formulas purchased a new position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 792 shares of the technology company’s stock, valued at approximately $48,000.

A number of other hedge funds also recently modified their holdings of CSGS. SG Americas Securities LLC acquired a new position in CSG Systems International in the first quarter valued at $315,000. Harbor Capital Advisors Inc. lifted its holdings in CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company’s stock valued at $386,000 after buying an additional 1,064 shares during the period. Handelsbanken Fonder AB lifted its holdings in CSG Systems International by 15.9% in the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after buying an additional 1,100 shares during the period. MetLife Investment Management LLC lifted its holdings in CSG Systems International by 6.4% in the fourth quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company’s stock valued at $910,000 after buying an additional 1,066 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in CSG Systems International in the fourth quarter valued at $925,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Trading Down 0.2%

CSGS opened at $64.61 on Thursday. CSG Systems International, Inc. has a 1-year low of $39.56 and a 1-year high of $67.60. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The company has a market cap of $1.87 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company has a fifty day moving average price of $62.07 and a two-hundred day moving average price of $59.07.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The firm had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International’s payout ratio is presently 43.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CSGS shares. Wells Fargo & Company dropped their target price on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. Finally, Jefferies Financial Group started coverage on shares of CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price on the stock. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $70.71.

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.