Jackson Creek Investment Advisors LLC Purchases New Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Jackson Creek Investment Advisors LLC bought a new position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,729 shares of the technology company's stock, valued at approximately $1,495,000. Jackson Creek Investment Advisors LLC owned 0.09% of CSG Systems International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CSGS. Amundi boosted its position in CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after acquiring an additional 179 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in CSG Systems International during the 4th quarter valued at $4,222,000. KLP Kapitalforvaltning AS bought a new stake in CSG Systems International during the 4th quarter valued at $925,000. Martingale Asset Management L P boosted its position in CSG Systems International by 32.0% during 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 acquiring an additional 5,700 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in CSG Systems International by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company's stock valued at $910,000 after acquiring an additional 1,066 shares in the last quarter. Institutional investors own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Wolfe Research began coverage on CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company reduced their target price on 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $70.71.

CSG Systems International Trading Down 0.3%

Shares of CSGS traded down $0.17 on Friday, hitting $62.44. 6,954 shares of the stock traded hands, compared to its average volume of 253,245. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $1.81 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.62 and a beta of 0.89. The stock's 50 day moving average is $64.33 and its two-hundred day moving average is $60.96. CSG Systems International, Inc. has a 1 year low of $42.47 and a 1 year high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $271.55 million for the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. As a group, sell-side analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, June 18th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.