Tudor Investment Corp ET AL Trims Stock Position in CSG Systems International, Inc. $CSGS

Tudor Investment Corp ET AL lowered its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 53.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,554 shares of the technology company’s stock after selling 10,981 shares during the period. Tudor Investment Corp ET AL’s holdings in CSG Systems International were worth $615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of CSG Systems International during the third quarter worth about $25,000. Covestor Ltd grew its position in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Jump Financial LLC purchased a new position in shares of CSG Systems International during the second quarter worth approximately $240,000. Harbor Capital Advisors Inc. grew its position in shares of CSG Systems International by 10.7% during the third quarter. Harbor Capital Advisors Inc. now owns 8,244 shares of the technology company’s stock worth $531,000 after acquiring an additional 794 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of CSG Systems International during the third quarter worth approximately $637,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.43.

CSG Systems International Stock Up 0.2%

Shares of NASDAQ CSGS opened at $80.33 on Thursday. CSG Systems International, Inc. has a 1 year low of $57.73 and a 1 year high of $80.67. The firm’s 50 day moving average price is $79.91 and its 200 day moving average price is $76.80. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $2.29 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.20. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%.The business had revenue of $323.09 million for the quarter, compared to analysts’ expectations of $296.25 million. As a group, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, March 18th. This represents a $1.36 annualized dividend and a yield of 1.7%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s dividend payout ratio (DPR) is presently 68.34%.

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.