Campbell & CO Investment Adviser LLC Sells 7,499 Shares of CSG Systems International, Inc. $CSGS

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 53.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,486 shares of the technology company’s stock after selling 7,499 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CSG Systems International were worth $424,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of CSG Systems International by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after purchasing an additional 7,908 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in CSG Systems International during the 2nd quarter valued at $10,859,000. Kendall Capital Management raised its stake in CSG Systems International by 27.7% during the 2nd quarter. Kendall Capital Management now owns 60,335 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 13,075 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in CSG Systems International by 18.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock valued at $164,000 after purchasing an additional 390 shares during the period. Finally, GAMMA Investing LLC grew its position in 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 during the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Down 0.3%

Shares of NASDAQ:CSGS opened at $78.25 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. The firm has a market cap of $2.23 billion, a P/E ratio of 27.08, a P/E/G ratio of 2.05 and a beta of 0.92. CSG Systems International, Inc. has a 12 month low of $49.23 and a 12 month high of $79.20. The company’s 50-day moving average price is $68.67 and its two-hundred day moving average price is $65.37.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. The company had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be issued a $0.32 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.6%. CSG Systems International’s dividend payout ratio (DPR) is currently 43.39%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada cut CSG Systems International from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $72.00 to $80.70 in a report on Wednesday, October 29th. Benchmark lowered CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Northland Capmk downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, William Blair lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, CSG Systems International presently has an average rating of “Hold” and an average price target of $73.81.

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.