GAMMA Investing LLC Boosts Holdings in CSG Systems International, Inc. $CSGS

GAMMA Investing LLC increased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 35.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 848 shares of the technology company’s stock after purchasing an additional 220 shares during the period. GAMMA Investing LLC’s holdings in CSG Systems International were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of CSG Systems International during the first quarter valued at about $48,000. TD Private Client Wealth LLC boosted its stake in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock valued at $128,000 after purchasing an additional 373 shares during the period. Praxis Investment Management Inc. purchased a new position in shares of CSG Systems International in the first quarter valued at approximately $206,000. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the first quarter valued at approximately $315,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company’s stock valued at $386,000 after purchasing an additional 1,064 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wolfe Research began coverage on shares of CSG Systems International in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a report on Saturday, September 27th. Finally, Wall Street Zen raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CSG Systems International has an average rating of “Moderate Buy” and a consensus target price of $71.29.

CSG Systems International Stock Performance

Shares of CSGS opened at $64.87 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $1.87 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. CSG Systems International, Inc. has a 12-month low of $46.17 and a 12-month high of $67.60. The business’s fifty day moving average price is $63.88 and its 200 day moving average price is $62.88.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. The firm had revenue of $271.26 million for the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.CSG Systems International’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. Equities research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

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

About CSG Systems International

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.