LSV Asset Management Purchases 82,344 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Key Points

• LSV Asset Management increased its stake in CSG Systems International by 6.0%, acquiring an additional 82,344 shares and now holds 5.09% of the company's shares, worth approximately $88.6 million.
• CSG Systems reported a $1.14 earnings per share (EPS) for the quarter, exceeding the consensus estimate of $1.00, and achieved a revenue of $271.55 million.
• The company declared a quarterly dividend of $0.32 per share, translating to an annualized dividend yield of 2.1% and a payout ratio of 43.69%.

LSV Asset Management lifted its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,465,588 shares of the technology company's stock after purchasing an additional 82,344 shares during the period. LSV Asset Management owned about 5.09% of CSG Systems International worth $88,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSGS. Martingale Asset Management L P lifted its stake in shares of CSG Systems International by 32.0% in the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock worth $1,201,000 after acquiring an additional 5,700 shares during the period. MetLife Investment Management LLC lifted its stake in shares of CSG Systems International by 6.4% in the fourth quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company's stock worth $910,000 after acquiring an additional 1,066 shares during the period. 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 acquiring an additional 3,701 shares during the period. GAMMA Investing LLC lifted its stake in shares of CSG Systems International by 6,481.5% in the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock worth $2,296,000 after acquiring an additional 37,398 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of CSG Systems International by 1.2% in the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock worth $4,836,000 after acquiring an additional 948 shares during the period. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Price Performance

Shares of CSGS opened at $60.77 on Friday. CSG Systems International, Inc. has a 52-week low of $42.47 and a 52-week high of $67.60. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current ratio of 1.55. The business's 50 day moving average price is $63.77 and its two-hundred day moving average price is $61.91. The firm has a market cap of $1.76 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.57 and a beta of 0.90.

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 (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The firm had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The company's revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 18th. CSG Systems International's dividend payout ratio is presently 43.69%.

Analyst Ratings Changes

A number of equities analysts recently commented on CSGS shares. Wells Fargo & Company cut their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Sidoti raised CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Wolfe Research started coverage on CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target 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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