SG Americas Securities LLC Purchases Shares of 5,214 CSG Systems International, Inc. (NASDAQ:CSGS)

SG Americas Securities LLC purchased a new position in CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,214 shares of the technology company's stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Amundi raised its position in CSG Systems International by 1.0% during the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after acquiring an additional 179 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of CSG Systems International by 1.2% in the 1st 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. Harbor Capital Advisors Inc. boosted its holdings in CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after acquiring an additional 1,064 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of 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 worth $910,000 after purchasing an additional 1,066 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company's stock worth $410,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 91.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Sunday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CSG Systems International presently has an average rating of "Buy" and an average target price of $70.71.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded up $0.93 during trading hours on Monday, hitting $65.31. The stock had a trading volume of 186,213 shares, compared to its average volume of 253,549. 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 stock's fifty day simple moving average is $63.20 and its 200 day simple moving average is $59.90. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.66 and a beta of 0.90. CSG Systems International, Inc. has a 1-year low of $39.86 and a 1-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 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date 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.