SG Americas Securities LLC Buys 8,284 Shares of CSG Systems International, Inc. $CSGS

SG Americas Securities LLC grew its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 344.6% in the third quarter, HoldingsChannel.com reports. The fund owned 10,688 shares of the technology company’s stock after acquiring an additional 8,284 shares during the quarter. SG Americas Securities LLC’s holdings in CSG Systems International were worth $688,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSGS. GAMMA Investing LLC raised its stake in CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after purchasing an additional 220 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in CSG Systems International by 18.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock valued at $164,000 after buying an additional 390 shares during the period. Jump Financial LLC acquired a new position in shares of CSG Systems International in the 2nd quarter valued at approximately $240,000. Harbor Capital Advisors Inc. raised its position in shares of CSG Systems International by 10.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,244 shares of the technology company’s stock valued at $531,000 after buying an additional 794 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its holdings in shares of CSG Systems International by 2.9% during the 3rd quarter. Curbstone Financial Management Corp now owns 18,620 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 520 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Trading Up 0.3%

Shares of CSGS stock opened at $79.76 on Thursday. CSG Systems International, Inc. has a twelve month low of $52.94 and a twelve month high of $79.88. The stock’s fifty day simple moving average is $77.87 and its 200 day simple moving average is $69.96. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $2.27 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.88 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. As a group, sell-side 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 was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd. CSG Systems International’s payout ratio is presently 43.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Northland Securities cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Sidoti lowered CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective on the stock. in a research note on Wednesday, October 29th. Finally, Oppenheimer cut CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.81.

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.