CSG Systems International, Inc. $CSGS Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

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 increased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 198.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,600 shares of the technology company's stock after buying an additional 55,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.29% of CSG Systems International worth $5,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of CSG Systems International by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company's stock worth $1,091,000 after buying an additional 259 shares during the last quarter. TD Private Client Wealth LLC increased 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 worth $128,000 after buying an additional 373 shares during the last quarter. USA Financial Formulas bought a new stake in shares of CSG Systems International in the first quarter worth $48,000. Rhumbline Advisers increased its stake in shares of CSG Systems International by 1.2% in the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock worth $4,836,000 after buying an additional 948 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased 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 worth $386,000 after buying an additional 1,064 shares during the last quarter. Institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. 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. Finally, Wolfe Research assumed coverage on shares of CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. One investment 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, CSG Systems International has an average rating of "Moderate Buy" and a consensus target price of $71.29.

CSG Systems International Price Performance

CSGS stock traded down $0.03 during trading on Tuesday, hitting $66.18. The company had a trading volume of 36,594 shares, compared to its average volume of 284,922. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.71 and a beta of 0.93. The business has a 50 day moving average of $63.42 and a 200 day moving average of $62.65. CSG Systems International, Inc. has a fifty-two week low of $46.17 and a fifty-two week high of $67.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.12. The business had revenue of $271.26 million during the quarter, compared to the consensus estimate of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. As a group, research analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.9%. 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.