Tudor Investment Corp ET AL Reduces Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Tudor Investment Corp ET AL decreased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 86.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,582 shares of the technology company's stock after selling 30,469 shares during the quarter. Tudor Investment Corp ET AL's holdings in CSG Systems International were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Trust Walden Corp grew its stake in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after acquiring an additional 88,216 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company's stock worth $19,901,000 after purchasing an additional 1,420 shares during the last quarter. New York State Common Retirement Fund boosted its stake in CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company's stock worth $8,683,000 after purchasing an additional 5,034 shares during the last quarter. River Road Asset Management LLC boosted its stake in CSG Systems International by 18.7% during the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after purchasing an additional 16,519 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in CSG Systems International during the 4th quarter worth $4,222,000. Institutional investors and hedge funds own 91.07% of the company's stock.

Wall Street Analyst Weigh In

CSGS has been the topic of several recent research reports. Cantor Fitzgerald lifted their target price on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company lowered 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 note on Tuesday, April 22nd. Northland Securities reaffirmed an "outperform" rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Stifel Nicolaus lifted their price target on CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on CSG Systems International in a report on Friday, February 21st. They set a "buy" rating and a $75.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, CSG Systems International has an average rating of "Moderate Buy" and an average target price of $70.71.

Insider Buying and Selling

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the transaction, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. This represents a 17.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company's stock.

CSG Systems International Trading Up 1.9%

CSGS traded up $1.20 on Monday, hitting $66.01. The company had a trading volume of 457,179 shares, compared to its average volume of 267,779. The firm has a market cap of $1.90 billion, a P/E ratio of 21.71, a PEG ratio of 1.68 and a beta of 0.87. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60. The company's fifty day moving average price is $60.28 and its 200 day moving average price is $57.12. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. CSG Systems International's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, equities analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. CSG Systems International's payout ratio is currently 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.