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

Tudor Investment Corp ET AL cut its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 86.9% in the 4th quarter, according to the company in its most recent 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 SEC filing.

A number of other hedge funds have also bought and sold shares of CSGS. Boston Trust Walden Corp boosted its holdings in shares of CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in CSG Systems International by 0.4% in 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 during the period. New York State Common Retirement Fund grew its position in shares of 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 valued at $8,683,000 after purchasing an additional 5,034 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of CSG Systems International by 18.7% in the fourth 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 period. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of CSG Systems International in the fourth quarter worth $4,222,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSGS. Jefferies Financial Group initiated coverage on CSG Systems International in a research report on Friday, February 21st. They set a “buy” rating and a $75.00 target price for the company. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Cantor Fitzgerald raised their target price on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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 note on Thursday, February 6th. Finally, Northland Securities restated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.71.

CSG Systems International Trading Down 0.6 %

CSGS stock opened at $64.81 on Friday. 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 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 one year low of $39.56 and a one year high of $67.60. The company’s 50 day moving average price is $60.28 and its two-hundred day moving average price is $56.99.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The business had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal 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 given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.98%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 19th. CSG Systems International’s dividend payout ratio (DPR) is presently 43.69%.

Insiders Place Their Bets

In other 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 transaction, the director now owns 41,561 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

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.