SG Americas Securities LLC Reduces Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

SG Americas Securities LLC reduced its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 92.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,929 shares of the technology company’s stock after selling 24,724 shares during the period. SG Americas Securities LLC’s holdings in CSG Systems International were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSGS. Tudor Investment Corp Et Al purchased a new stake in shares of CSG Systems International in the 3rd quarter valued at approximately $2,248,000. Bahl & Gaynor Inc. raised its position in shares of CSG Systems International by 8.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after buying an additional 36,488 shares during the period. New York State Teachers Retirement System lifted its holdings in CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,524 shares during the last quarter. Boston Trust Walden Corp grew its position in CSG Systems International by 6.2% in the third quarter. Boston Trust Walden Corp now owns 823,799 shares of the technology company’s stock worth $42,113,000 after acquiring an additional 48,373 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in 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 worth $548,000 after acquiring an additional 562 shares during the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSGS. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $63.00 price target on shares of CSG Systems International in a research note on Thursday, February 8th. Royal Bank of Canada initiated coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.00.

CSG Systems International Price Performance

CSGS opened at $48.90 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.47 and a beta of 0.82. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The stock’s 50-day moving average price is $51.51 and its 200 day moving average price is $51.35. CSG Systems International, Inc. has a 12-month low of $45.27 and a 12-month high of $69.35.

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

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.45%. CSG Systems International’s payout ratio is 54.79%.

CSG Systems International Company 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.