Rhumbline Advisers Has $4.66 Million Position in CSG Systems International, Inc. (CSGS)

Rhumbline Advisers lifted its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,064 shares of the technology company’s stock after purchasing an additional 14,977 shares during the quarter. Rhumbline Advisers owned about 0.35% of CSG Systems International worth $4,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Martingale Asset Management L P boosted its stake in CSG Systems International by 28.8% during the second quarter. Martingale Asset Management L P now owns 137,038 shares of the technology company’s stock worth $5,601,000 after buying an additional 30,606 shares during the period. New York State Teachers Retirement System lifted its position in shares of CSG Systems International by 4.2% during the second quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock worth $3,227,000 after purchasing an additional 3,200 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of CSG Systems International by 188.6% during the second quarter. California Public Employees Retirement System now owns 85,291 shares of the technology company’s stock worth $3,486,000 after purchasing an additional 55,737 shares in the last quarter. United Services Automobile Association lifted its position in shares of CSG Systems International by 441.3% during the second quarter. United Services Automobile Association now owns 138,711 shares of the technology company’s stock worth $6,603,000 after purchasing an additional 113,084 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of CSG Systems International by 2.4% during the second quarter. Schroder Investment Management Group now owns 468,426 shares of the technology company’s stock worth $19,341,000 after purchasing an additional 11,056 shares in the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on CSGS shares. Sidoti started coverage on shares of CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 price target on the stock. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Finally, BidaskClub raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. CSG Systems International presently has an average rating of “Buy” and a consensus price target of $48.33.

Shares of NASDAQ:CSGS opened at $32.46 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 14.24 and a beta of 0.86. CSG Systems International, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $48.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.61 and a current ratio of 2.61.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.14. The firm had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $216.87 million. CSG Systems International had a net margin of 7.23% and a return on equity of 21.86%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. As a group, analysts predict that CSG Systems International, Inc. will post 2.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Wednesday, December 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.84 annualized dividend and a yield of 2.59%. CSG Systems International’s dividend payout ratio (DPR) is 41.58%.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2018/12/08/rhumbline-advisers-has-4-66-million-position-in-csg-systems-international-inc-csgs.html.

CSG Systems International Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding CSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSG Systems International, Inc. (NASDAQ:CSGS).

Institutional Ownership by Quarter for CSG Systems International (NASDAQ:CSGS)

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply