Thrivent Financial for Lutherans boosted its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,420 shares of the company’s stock after buying an additional 820 shares during the period. Thrivent Financial for Lutherans’ holdings in CSG Systems International were worth $843,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management raised its position in CSG Systems International by 0.8% in the third quarter. LSV Asset Management now owns 1,506,652 shares of the company’s stock valued at $62,269,000 after buying an additional 11,700 shares during the period. Bank of New York Mellon Corp raised its position in CSG Systems International by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 1,029,335 shares of the company’s stock valued at $42,543,000 after buying an additional 17,532 shares during the period. State Street Corp raised its position in CSG Systems International by 5.3% in the fourth quarter. State Street Corp now owns 729,412 shares of the company’s stock valued at $35,304,000 after buying an additional 36,656 shares during the period. Panagora Asset Management Inc. raised its position in CSG Systems International by 29.5% in the third quarter. Panagora Asset Management Inc. now owns 370,302 shares of the company’s stock valued at $15,305,000 after buying an additional 84,386 shares during the period. Finally, Ameriprise Financial Inc. raised its position in CSG Systems International by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 364,133 shares of the company’s stock valued at $15,048,000 after buying an additional 14,198 shares during the period. 96.73% of the stock is owned by hedge funds and other institutional investors.
Shares of CSG Systems International, Inc. (NASDAQ:CSGS) opened at 37.15 on Monday. CSG Systems International, Inc. has a one year low of $36.33 and a one year high of $51.34. The company has a 50-day moving average of $38.89 and a 200 day moving average of $42.91. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 19.55 and a beta of 0.86.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.07. The business earned $195.20 million during the quarter, compared to analyst estimates of $193.21 million. CSG Systems International had a net margin of 8.26% and a return on equity of 32.27%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, equities analysts forecast that CSG Systems International, Inc. will post $2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th will be issued a $0.1975 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, March 13th. CSG Systems International’s dividend payout ratio is presently 38.95%.
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Separately, Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd.
In other news, EVP Kenneth M. Kennedy sold 1,173 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $39.86, for a total value of $46,755.78. Following the completion of the sale, the executive vice president now directly owns 51,582 shares of the company’s stock, valued at $2,056,058.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Randy Wiese sold 26,226 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $38.48, for a total value of $1,009,176.48. Following the completion of the sale, the chief financial officer now directly owns 127,724 shares of the company’s stock, valued at $4,914,819.52. The disclosure for this sale can be found here. Insiders sold 50,661 shares of company stock valued at $1,978,409 over the last three months. Corporate insiders own 3.25% of the company’s stock.
CSG Systems International Company Profile
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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