New York State Teachers Retirement System Has $3.41 Million Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

New York State Teachers Retirement System lessened its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,147 shares of the technology company’s stock after selling 4,763 shares during the quarter. New York State Teachers Retirement System’s holdings in CSG Systems International were worth $3,413,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in shares of CSG Systems International by 201.0% during the second quarter. Captrust Financial Advisors now owns 4,978 shares of the technology company’s stock worth $297,000 after buying an additional 3,324 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of CSG Systems International by 4.5% during the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after purchasing an additional 245 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of CSG Systems International by 9.2% during the second quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock valued at $370,000 after purchasing an additional 592 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of CSG Systems International by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,396 shares of the technology company’s stock valued at $548,000 after purchasing an additional 562 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of CSG Systems International by 52.3% during the first quarter. MetLife Investment Management LLC now owns 16,943 shares of the technology company’s stock valued at $1,077,000 after purchasing an additional 5,817 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of CSGS stock opened at $47.54 on Tuesday. CSG Systems International, Inc. has a 52-week low of $45.27 and a 52-week high of $69.35. The stock has a market cap of $1.40 billion, a PE ratio of 21.71, a PEG ratio of 1.48 and a beta of 0.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54. The firm’s 50 day moving average price is $51.65 and its two-hundred day moving average price is $51.44.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. As a group, analysts forecast that CSG Systems International, Inc. will post 3.26 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.52%. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSGS shares. Royal Bank of Canada started coverage on shares of CSG Systems International in a research note on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research note on Thursday, February 8th. Finally, Wells Fargo & Company decreased their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.00.

CSG Systems International Profile

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.