CSG Systems International, Inc. $CSGS Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 928,875 shares of the technology company’s stock after selling 452,456 shares during the period. LSV Asset Management owned 3.26% of CSG Systems International worth $71,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CSGS. Marshall Wace LLP acquired a new stake in shares of CSG Systems International during the second quarter worth $3,321,000. Jump Financial LLC acquired a new stake in shares of CSG Systems International during the second quarter worth $240,000. California State Teachers Retirement System raised its holdings in shares of CSG Systems International by 0.9% during the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock worth $1,775,000 after purchasing an additional 241 shares during the period. Lazard Asset Management LLC raised its holdings in shares of CSG Systems International by 75.7% during the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after purchasing an additional 62,763 shares during the period. Finally, Covestor Ltd raised its holdings in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of CSG Systems International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $77.23.

CSG Systems International Stock Performance

Shares of CSGS opened at $80.70 on Friday. The firm has a 50-day moving average price of $80.25 and a 200 day moving average price of $79.19. The firm has a market capitalization of $2.30 billion, a PE ratio of 35.86, a P/E/G ratio of 2.06 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.84. CSG Systems International, Inc. has a 52-week low of $60.54 and a 52-week high of $80.73.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, May 6th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.33. The firm had revenue of $313.73 million during the quarter, compared to analyst estimates of $277.80 million. CSG Systems International had a net margin of 5.14% and a return on equity of 39.49%. On average, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.91 earnings per share for the current fiscal year.

About CSG Systems International

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.