New York State Common Retirement Fund Sells 13,025 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

New York State Common Retirement Fund lowered its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,855 shares of the technology company's stock after selling 13,025 shares during the period. New York State Common Retirement Fund owned 0.55% of CSG Systems International worth $9,485,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. USA Financial Formulas acquired a new stake in shares of CSG Systems International during the first quarter worth $48,000. TD Private Client Wealth LLC increased its position 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 valued at $128,000 after purchasing an additional 373 shares during the period. Praxis Investment Management Inc. bought a new stake in CSG Systems International in the first quarter worth $206,000. SG Americas Securities LLC purchased a new stake in CSG Systems International during the first quarter valued at $315,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of CSG Systems International by 20.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after acquiring an additional 1,064 shares during the period. Institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

CSGS has been the topic of a number of analyst reports. 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. Wells Fargo & Company reduced their target price on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wolfe Research assumed coverage on CSG Systems International in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. Finally, Sidoti raised CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $70.71.

CSG Systems International Stock Up 0.4%

CSG Systems International stock traded up $0.22 during midday trading on Tuesday, reaching $62.33. The company's stock had a trading volume of 146,412 shares, compared to its average volume of 254,191. The business has a 50-day simple moving average of $64.27 and a 200-day simple moving average of $61.18. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.90. CSG Systems International, Inc. has a fifty-two week low of $42.47 and a fifty-two week high of $67.60. The company has a market cap of $1.81 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.61 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The firm had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same period in the prior year, the business earned $1.01 EPS. The firm's revenue was up 1.5% compared to the same quarter last year. On average, research analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. CSG Systems International's dividend payout ratio is presently 43.69%.

CSG Systems International Profile

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.