Livforsakringsbolaget Skandia Omsesidigt Buys 55,600 Shares of CSG Systems International, Inc. $CSGS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in CSG Systems International by 198.6%, acquiring a total of 83,600 shares valued at approximately $5.46 million by the end of the most recent reporting period.
• CSG Systems International reported earnings per share of $1.16 for the latest quarter, exceeding the consensus estimate of $1.04, along with a revenue of $271.26 million, reflecting a 2.3% year-over-year increase.
• The company declared a quarterly dividend of $0.32 per share, representing a yield of 1.9%, with the payout scheduled for October 3rd.

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 198.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,600 shares of the technology company's stock after purchasing an additional 55,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.29% of CSG Systems International worth $5,460,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CSGS. SG Americas Securities LLC bought a new position in CSG Systems International in the 1st quarter valued at about $315,000. GAMMA Investing LLC lifted 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 buying an additional 37,398 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in CSG Systems International by 18.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock worth $82,075,000 after acquiring an additional 216,128 shares in the last quarter. LSV Asset Management increased its holdings in shares of CSG Systems International by 6.0% in the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after buying an additional 82,344 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in CSG Systems International in the first quarter worth about $1,495,000. 91.07% of the stock is owned by institutional investors.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded down $0.87 on Friday, hitting $66.14. The company's stock had a trading volume of 1,215,689 shares, compared to its average volume of 187,108. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.71 and a beta of 0.93. CSG Systems International, Inc. has a 12 month low of $46.17 and a 12 month high of $67.60. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56. The stock's 50-day moving average is $63.34 and its two-hundred day moving average is $62.63.

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 for the quarter, topping analysts' consensus estimates of $1.04 by $0.12. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The firm had revenue of $271.26 million for the quarter, compared to the consensus estimate of $267.41 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. CSG Systems International's dividend payout ratio is currently 44.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Wolfe Research started coverage on CSG Systems International in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Finally, Stifel Nicolaus increased their price target on CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.29.

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.