Harbor Capital Advisors Inc. Has $386,000 Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Harbor Capital Advisors Inc. grew its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,379 shares of the technology company’s stock after acquiring an additional 1,064 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in CSG Systems International were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSGS. New York State Common Retirement Fund grew its holdings in shares of CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after purchasing an additional 5,034 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of CSG Systems International by 18.7% during the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock worth $5,355,000 after buying an additional 16,519 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of CSG Systems International during the fourth quarter worth $4,222,000. Rhumbline Advisers lifted its stake in shares of CSG Systems International by 1.2% in the 1st quarter. Rhumbline Advisers now owns 79,976 shares of the technology company’s stock valued at $4,836,000 after acquiring an additional 948 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of CSG Systems International by 6,481.5% during the 1st quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company’s stock valued at $2,296,000 after acquiring an additional 37,398 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $63.07 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $67.60. The business’s 50 day simple moving average is $62.35 and its 200 day simple moving average is $59.23. The stock has a market capitalization of $1.83 billion, a PE ratio of 20.75, a PEG ratio of 1.68 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. The company had revenue of $271.55 million during the quarter, compared to analysts’ expectations of $274.10 million. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. CSG Systems International’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.28 annualized dividend and a yield of 2.03%. CSG Systems International’s dividend payout ratio is currently 43.69%.

Analysts Set New Price Targets

CSGS has been the subject of a number of recent research reports. Sidoti raised CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. Wells Fargo & Company lowered their price objective on CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group initiated coverage on shares of CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CSG Systems International currently has a consensus rating of “Buy” and an average price target of $70.71.

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.