Martingale Asset Management L P Increases Position in CSG Systems International, Inc. $CSGS

Key Points

• Martingale Asset Management L P increased its holdings in CSG Systems International, Inc. by 31.4%, acquiring an additional 7,368 shares, bringing its total to 30,860 shares valued at approximately $1.87 million.
• CSG Systems International recently reported earnings per share of $1.16, exceeding analysts' expectations of $1.04 and showing a year-over-year revenue increase of 2.3% to $271.26 million.
• The firm declared a quarterly dividend of $0.32 per share, translating to an annualized dividend of $1.28 and a dividend yield of 2.0%, with the ex-dividend date set for September 19th.

Martingale Asset Management L P grew its position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,860 shares of the technology company's stock after purchasing an additional 7,368 shares during the quarter. Martingale Asset Management L P owned approximately 0.11% of CSG Systems International worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its holdings 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 buying an additional 216,128 shares during the period. LSV Asset Management raised its holdings in CSG Systems International by 6.0% during the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock valued at $88,624,000 after acquiring an additional 82,344 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of CSG Systems International in the first quarter valued at about $1,495,000. Nisa Investment Advisors LLC boosted its stake in shares of CSG Systems International by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company's stock worth $1,091,000 after acquiring an additional 259 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after acquiring an additional 373 shares during the period. 91.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research started coverage on CSG Systems International in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Sidoti upgraded shares of CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.29.

CSG Systems International Trading Down 1.0%

Shares of NASDAQ:CSGS traded down $0.66 during trading on Thursday, reaching $63.35. The company's stock had a trading volume of 33,530 shares, compared to its average volume of 287,527. The stock has a market capitalization of $1.82 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.63 and a beta of 0.90. CSG Systems International, Inc. has a 12 month low of $44.57 and a 12 month high of $67.60. 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's 50 day simple moving average is $63.14 and its two-hundred day simple moving average is $62.56.

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

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. CSG Systems International's payout ratio is 44.29%.

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.