Uniplan Investment Counsel Inc. Purchases New Position in CSG Systems International, Inc. $CSGS

Key Points

• Uniplan Investment Counsel Inc. acquired 31,184 shares of CSG Systems International, representing about 0.11% ownership and valued at approximately $1.886 million.
• CSG Systems International reported a Q2 earnings per share (EPS) of $1.16, exceeding estimates of $1.04, and its revenue increased by 2.3% year-over-year to $271.26 million.
• The company announced a quarterly dividend of $0.32, payable on October 3rd, providing a 2.0% yield based on an annualized dividend of $1.28.

Uniplan Investment Counsel Inc. bought a new position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 31,184 shares of the technology company's stock, valued at approximately $1,886,000. Uniplan Investment Counsel Inc. owned 0.11% of CSG Systems International at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CSGS. USA Financial Formulas purchased a new position in CSG Systems International during the 1st quarter valued at about $48,000. TD Private Client Wealth LLC grew its holdings in 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 valued at $128,000 after purchasing an additional 373 shares during the period. Praxis Investment Management Inc. purchased a new position in CSG Systems International during the first quarter worth approximately $206,000. SG Americas Securities LLC acquired a new position in CSG Systems International in the first quarter valued at $315,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of CSG Systems International by 20.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock worth $386,000 after purchasing an additional 1,064 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Stock Performance

CSG Systems International stock traded down $1.13 during mid-day trading on Friday, reaching $64.62. The company's stock had a trading volume of 48,455 shares, compared to its average volume of 282,981. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.64 and a beta of 0.93. The business has a 50 day moving average price of $63.19 and a 200-day moving average price of $62.62. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International, Inc. has a twelve month low of $46.04 and a twelve month high of $67.60.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. Sell-side analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CSGS. Stifel Nicolaus increased their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Wolfe Research initiated coverage on shares of CSG Systems International in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. 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 shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CSG Systems International has a consensus rating of "Moderate Buy" and an average price target of $71.29.

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.