Livforsakringsbolaget Skandia Omsesidigt Cuts Holdings in CSG Systems International, Inc. $CSGS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt sold 14,580 shares of CSG Systems International, reducing its stake by 52.1%, leaving it with 13,420 shares valued at approximately $876,000.
• Analysts have issued positive ratings for CSG Systems International, with a consensus target price of $71.29 and several upgrades, including Stifel Nicolaus raising their price target from $66.00 to $70.00.
• The company recently declared a quarterly dividend of $0.32 per share, which equates to an annualized dividend yield of 2.0% and reflects a payout ratio of 44.29%.

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 52.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,420 shares of the technology company's stock after selling 14,580 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in CSG Systems International were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of CSG Systems International in the first quarter valued at approximately $48,000. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 21.3% during the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after purchasing an additional 373 shares during the period. Praxis Investment Management Inc. acquired a new stake in shares of CSG Systems International during the first quarter worth about $206,000. SG Americas Securities LLC acquired a new stake in CSG Systems International in the 1st quarter valued at approximately $315,000. Finally, Harbor Capital Advisors Inc. raised its position in CSG Systems International by 20.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after buying an additional 1,064 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

CSGS stock traded down $0.87 during trading on Friday, reaching $66.14. The stock had a trading volume of 1,215,689 shares, compared to its average volume of 187,108. CSG Systems International, Inc. has a 52 week low of $46.17 and a 52 week high of $67.60. The stock's 50 day moving average is $63.34 and its two-hundred day moving average is $62.64. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. The firm has a market cap of $1.90 billion, a PE ratio of 22.89, a PEG ratio of 1.71 and a beta of 0.93.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $267.41 million. During the same quarter in the prior year, the company earned $1.02 earnings per share. CSG Systems International's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. CSG Systems International's dividend payout ratio (DPR) is currently 44.29%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CSGS shares. Stifel Nicolaus boosted their price target 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. Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Finally, Wolfe Research initiated coverage on CSG Systems International in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.29.

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.