GAMMA Investing LLC Boosts Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

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

Other hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of CSG Systems International by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company's stock worth $8,683,000 after purchasing an additional 5,034 shares during the last quarter. River Road Asset Management LLC grew its position in CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after acquiring an additional 16,519 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CSG Systems International in the 4th quarter valued at $4,222,000. Martingale Asset Management L P lifted its stake 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 valued at $1,201,000 after purchasing an additional 5,700 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake 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 worth $922,000 after buying an additional 3,701 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Price Performance

Shares of CSGS opened at $63.07 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.68 and a beta of 0.90. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $67.60. The company has a 50 day moving average of $62.35 and a 200-day moving average of $59.20. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The company had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. During the same period last year, the business earned $1.01 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. CSG Systems International's dividend payout ratio is presently 43.69%.

Wall Street Analyst Weigh In

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

CSG Systems International Company 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.

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