Tudor Investment Corp ET AL Sells 30,469 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Tudor Investment Corp ET AL lessened its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock worth $54,457,000 after purchasing an additional 88,216 shares during the period. Hillsdale Investment Management Inc. bought a new position in CSG Systems International in the 4th quarter worth about $4,222,000. Advisors Preferred LLC acquired a new stake in shares of CSG Systems International in the fourth quarter valued at approximately $1,300,000. KLP Kapitalforvaltning AS acquired a new position in shares of CSG Systems International during the fourth quarter worth approximately $925,000. Finally, River Road Asset Management LLC increased its position in CSG Systems International by 18.7% in the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock valued at $5,355,000 after acquiring an additional 16,519 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded up $0.51 during midday trading on Thursday, hitting $65.51. The company's stock had a trading volume of 32,011 shares, compared to its average volume of 266,296. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.68 and a beta of 0.87. The stock's 50 day simple moving average is $60.39 and its 200 day simple moving average is $57.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. CSG Systems International, Inc. has a fifty-two week low of $39.56 and a fifty-two week high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.00 by $0.14. The firm had revenue of $271.55 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. As a group, research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's dividend payout ratio (DPR) is 43.69%.

Insider Activity at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of the firm's 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 completion of the sale, the director now owns 41,561 shares of the company's stock, valued at $2,768,793.82. This trade 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 the SEC website. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSGS. 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 for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald lifted their price target on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Northland Securities restated an "outperform" rating and issued a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Jefferies Financial Group started coverage on CSG Systems International in a report on Friday, February 21st. They set a "buy" rating and a $75.00 target price on the stock. Finally, Stifel Nicolaus boosted their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $70.71.

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.