CSG Systems International, Inc. (NASDAQ:CSGS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 6,481.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,975 shares of the technology company's stock after buying an additional 37,398 shares during the period. GAMMA Investing LLC owned about 0.13% of CSG Systems International worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. State of Tennessee Department of Treasury boosted its holdings in shares of CSG Systems International by 25.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 18,033 shares of the technology company's stock valued at $922,000 after purchasing an additional 3,701 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of CSG Systems International by 6.4% in the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company's stock worth $910,000 after buying an additional 1,066 shares during the period. Martingale Asset Management L P lifted its holdings in shares of CSG Systems International by 32.0% in the 4th quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock worth $1,201,000 after buying an additional 5,700 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of CSG Systems International during the 4th quarter worth $925,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of CSG Systems International during the fourth quarter valued at $4,222,000. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Stock Down 0.3%

NASDAQ CSGS traded down $0.21 on Tuesday, hitting $63.90. The stock had a trading volume of 132,140 shares, compared to its average volume of 254,107. CSG Systems International, Inc. has a 52-week low of $39.71 and a 52-week high of $67.60. The business's fifty day moving average price is $62.57 and its 200 day moving average price is $59.36. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.90.

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

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. CSG Systems International's payout ratio is currently 43.69%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group initiated coverage on shares of CSG Systems International in a report on Friday, February 21st. They set a "buy" rating and a $75.00 target price on the stock. Sidoti upgraded shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company reduced their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $70.71.

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.