Tudor Investment Corp ET AL Has $234,000 Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi raised its stake in CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company’s stock worth $910,000 after buying an additional 179 shares during the period. Willis Investment Counsel raised its position in shares of CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after purchasing an additional 668 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of CSG Systems International by 6.4% in the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company’s stock worth $910,000 after purchasing an additional 1,066 shares in the last quarter. Handelsbanken Fonder AB increased its stake in CSG Systems International by 15.9% during the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased 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 valued at $19,901,000 after purchasing an additional 1,420 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Down 0.6 %

Shares of NASDAQ:CSGS opened at $64.81 on Friday. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60. The company has a market capitalization of $1.86 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The business has a fifty day moving average price of $60.28 and a two-hundred day moving average price of $56.99. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share. Analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is 43.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSGS. Royal Bank of Canada lifted their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Stifel Nicolaus boosted their price objective on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company decreased their price target on CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald raised their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.71.

Insider Activity at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

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.