CSG Systems International, Inc. $CSGS Shares Acquired by Kendall Capital Management

Key Points

• Kendall Capital Management increased its stake in CSG Systems International by 27.7%, owning 60,335 shares valued at approximately $3.94 million following the purchase of an additional 13,075 shares.
• Equities analysts have a positive outlook on CSG Systems International, with Stifel Nicolaus raising the target price from $66 to $70 and an average consensus price target of $71.29.
• The company reported earnings of $1.16 per share for the last quarter, surpassing expectations, and disclosed a quarterly dividend of $0.32 to be paid on October 3rd.

Kendall Capital Management grew its holdings in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 27.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,335 shares of the technology company's stock after purchasing an additional 13,075 shares during the period. CSG Systems International makes up 1.0% of Kendall Capital Management's investment portfolio, making the stock its 24th largest position. Kendall Capital Management owned 0.21% of CSG Systems International worth $3,940,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSGS. USA Financial Formulas acquired a new position in shares of CSG Systems International in the 1st quarter valued at $48,000. GAMMA Investing LLC lifted its stake 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 valued at $55,000 after purchasing an additional 220 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after acquiring an additional 373 shares in the last quarter. Praxis Investment Management Inc. acquired a new position in CSG Systems International during the 1st quarter worth about $206,000. Finally, SG Americas Securities LLC acquired a new position in CSG Systems International during the 1st quarter worth about $315,000. Institutional investors and hedge funds own 91.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSGS shares. Stifel Nicolaus increased their target price on 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 started coverage on CSG Systems International in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.29.

CSG Systems International Price Performance

CSGS stock opened at $65.16 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 firm has a market capitalization of $1.87 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.68 and a beta of 0.93. The business's 50-day moving average is $63.68 and its two-hundred day moving average is $62.74. CSG Systems International, Inc. has a 1 year low of $46.17 and a 1 year high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.12. The company 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 for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. Analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

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

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