Livforsakringsbolaget Skandia Omsesidigt Acquires New Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,000 shares of the technology company's stock, valued at approximately $1,695,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.10% of CSG Systems International at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in 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 worth $386,000 after acquiring an additional 1,064 shares during the last quarter. Rhumbline Advisers grew its stake in shares of CSG Systems International by 1.2% during the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock valued at $4,836,000 after purchasing an additional 948 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of 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 valued at $2,296,000 after buying an additional 37,398 shares during the period. State of Tennessee Department of Treasury raised its position in shares of CSG Systems International by 25.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 18,033 shares of the technology company's stock worth $922,000 after acquiring an additional 3,701 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of CSG Systems International by 6.4% during the fourth 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 during the period. 91.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSGS has been the subject of a number of analyst reports. Jefferies Financial Group assumed 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 for the company. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Finally, 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $70.71.

CSG Systems International Stock Down 2.1%

NASDAQ CSGS traded down $1.38 during trading hours on Friday, reaching $63.68. 28,592 shares of the company's stock were exchanged, compared to its average volume of 253,761. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company's 50-day moving average is $62.22 and its two-hundred day moving average is $59.14. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $67.60.

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. The business had revenue of $271.55 million for the quarter, compared to analysts' expectations of $274.10 million. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. On average, analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

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 given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's dividend payout ratio is presently 43.69%.

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.