SG Americas Securities LLC Acquires New Stake in CSG Systems International, Inc. (NASDAQ:CSGS)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake 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 purchasing an additional 1,064 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in CSG Systems International by 15.9% in the 4th 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 last quarter. Amundi grew its holdings in CSG Systems International by 1.0% in the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after buying an additional 179 shares during the period. MetLife Investment Management LLC increased its stake 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 valued at $910,000 after acquiring an additional 1,066 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its stake in shares of CSG Systems International by 25.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 18,033 shares of the technology company's stock valued at $922,000 after acquiring an additional 3,701 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CSGS shares. Wells Fargo & Company decreased their target price 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. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $70.71.

CSG Systems International Stock Performance

Shares of CSGS opened at $63.63 on Friday. The firm has a fifty day moving average of $63.13 and a 200-day moving average of $59.75. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current ratio of 1.55. 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 announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, beating 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 company had revenue of $271.55 million for the quarter, compared to analyst estimates of $274.10 million. During the same quarter last year, the business earned $1.01 earnings per share. CSG Systems International's revenue was up 1.5% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's dividend payout ratio is currently 43.69%.

About CSG Systems International

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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