CSG Systems International, Inc. (NASDAQ:CSGS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 678,994 shares of the technology company’s stock after acquiring an additional 4,903 shares during the quarter. Geode Capital Management LLC’s holdings in CSG Systems International were worth $33,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSGS. Central Pacific Bank Trust Division grew its stake in CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after acquiring an additional 610 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of CSG Systems International in the second quarter valued at about $243,000. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International in the third quarter valued at approximately $294,000. Cornercap Investment Counsel Inc. increased its stake in shares of CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after purchasing an additional 3,001 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International during the 3rd quarter worth approximately $840,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 1.2 %

Shares of CSGS opened at $51.67 on Thursday. The stock’s fifty day simple moving average is $52.27 and its 200 day simple moving average is $47.61. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $1.50 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The business had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities research analysts forecast that CSG Systems International, Inc. will post 3.48 earnings per share for the current year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. CSG Systems International’s payout ratio is currently 52.86%.

Analyst Upgrades and Downgrades

CSGS has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.