ABC Arbitrage SA Makes New Investment in CSG Systems International, Inc. $CSGS

ABC Arbitrage SA purchased a new position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 83,536 shares of the technology company’s stock, valued at approximately $6,406,000.

Several other institutional investors have also modified their holdings of the business. Marshall Wace LLP acquired a new position in shares of CSG Systems International in the 2nd quarter valued at approximately $3,321,000. Jump Financial LLC acquired a new stake in shares of CSG Systems International in the 2nd quarter valued at about $240,000. California State Teachers Retirement System raised its stake in shares of CSG Systems International by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after purchasing an additional 241 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after purchasing an additional 62,763 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of CSG Systems International by 344.6% during the third quarter. SG Americas Securities LLC now owns 10,688 shares of the technology company’s stock worth $688,000 after buying an additional 8,284 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $80.35 on Tuesday. CSG Systems International, Inc. has a 52 week low of $60.54 and a 52 week high of $80.67. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50 day moving average price of $80.10 and a 200 day moving average price of $78.67. The stock has a market capitalization of $2.29 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.33. The firm had revenue of $313.73 million for the quarter, compared to analyst estimates of $277.80 million. CSG Systems International had a net margin of 5.14% and a return on equity of 39.49%. Analysts predict that CSG Systems International, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.23.

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.