CSG Systems International, Inc. $CSGS Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 18.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514 shares of the technology company’s stock after purchasing an additional 390 shares during the quarter. TD Private Client Wealth LLC’s holdings in CSG Systems International were worth $164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after purchasing an additional 220 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in CSG Systems International by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 25,226 shares of the technology company’s stock worth $1,648,000 after acquiring an additional 379 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in CSG Systems International by 198.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company’s stock worth $5,460,000 after acquiring an additional 55,600 shares during the period. Harbor Capital Advisors Inc. lifted its position in CSG Systems International by 16.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock worth $487,000 after acquiring an additional 1,071 shares during the period. Finally, Rhumbline Advisers lifted its position in CSG Systems International by 1.2% during the 1st quarter. Rhumbline Advisers now owns 79,976 shares of the technology company’s stock worth $4,836,000 after acquiring an additional 948 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $65.16 on Monday. The stock has a market cap of $1.87 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The business has a 50-day simple moving average of $63.68 and a 200-day simple moving average of $62.78. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International, Inc. has a 52-week low of $46.17 and a 52-week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. The business had revenue of $271.26 million during the quarter, compared to analysts’ expectations of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, equities analysts expect that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. CSG Systems International’s dividend payout ratio is presently 44.29%.

Analyst Upgrades and Downgrades

CSGS has been the subject of a number of research reports. Wolfe Research initiated coverage on CSG Systems International in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Stifel Nicolaus lifted their price target on CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.29.

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.