Hennessy Advisors Inc. Takes $10.86 Million Position in CSG Systems International, Inc. $CSGS

Key Points

• Hennessy Advisors Inc. has acquired a new stake in CSG Systems International, Inc. worth approximately $10.86 million, owning 0.57% of the company as of their latest SEC filing.
• CSG Systems International reported $1.16 earnings per share for the last quarter, exceeding estimates and showing a revenue growth of 2.3% year-over-year, amounting to $271.26 million.
• The company recently announced a quarterly dividend of $0.32, representing a 2.0% yield and a payout ratio of 44.29%.

Hennessy Advisors Inc. acquired a new stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 166,267 shares of the technology company's stock, valued at approximately $10,859,000. Hennessy Advisors Inc. owned 0.57% of CSG Systems International as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its stake 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 purchasing an additional 216,128 shares in the last quarter. LSV Asset Management increased its stake in 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 purchasing an additional 82,344 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in CSG Systems International by 198.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company's stock worth $5,460,000 after purchasing an additional 55,600 shares in the last quarter. GAMMA Investing LLC increased its stake in CSG Systems International by 6,481.5% in the 1st quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock worth $2,296,000 after purchasing an additional 37,398 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new position in CSG Systems International in the 1st quarter worth about $1,886,000. Hedge funds and other institutional investors own 91.07% of the company's stock.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $64.87 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. CSG Systems International, Inc. has a fifty-two week low of $46.17 and a fifty-two week high of $67.60. The stock's 50-day moving average is $63.88 and its two-hundred day moving average is $62.88. The firm has a market cap of $1.87 billion, a P/E ratio of 22.45, a PEG ratio of 1.67 and a beta of 0.92.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results 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. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company had revenue of $271.26 million for the quarter, compared to analyst estimates of $267.41 million. During the same period in the prior year, the firm posted $1.02 EPS. The business's revenue was up 2.3% compared to the same quarter last year. Analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 19th. CSG Systems International's dividend payout ratio is presently 44.29%.

Analyst Ratings Changes

CSGS has been the topic of a number of analyst reports. Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Stifel Nicolaus raised their price objective on CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Weiss Ratings restated a "buy (b-)" rating on shares of CSG Systems International in a research report on Saturday, September 27th. Finally, Wolfe Research began coverage on CSG Systems International in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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