New York State Teachers Retirement System Sells 9,500 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

New York State Teachers Retirement System decreased its position in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,745 shares of the technology company's stock after selling 9,500 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of CSG Systems International worth $2,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of CSG Systems International by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company's stock valued at $2,399,000 after buying an additional 1,644 shares during the period. LSV Asset Management grew its holdings in shares of CSG Systems International by 2.1% during the 1st quarter. LSV Asset Management now owns 1,438,395 shares of the technology company's stock worth $74,135,000 after purchasing an additional 29,723 shares in the last quarter. Quantbot Technologies LP increased its position in shares of CSG Systems International by 31.8% in the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company's stock worth $981,000 after purchasing an additional 4,590 shares during the period. Sciencast Management LP acquired a new position in CSG Systems International in the first quarter valued at about $233,000. Finally, SG Americas Securities LLC raised its stake in CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock valued at $187,000 after purchasing an additional 1,698 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company's stock.

CSG Systems International Price Performance

Shares of NASDAQ CSGS traded down $0.35 during midday trading on Friday, reaching $55.58. 387,457 shares of the company were exchanged, compared to its average volume of 268,877. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $57.15. The stock has a market cap of $1.64 billion, a P/E ratio of 25.03, a PEG ratio of 1.39 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. The stock's 50-day moving average price is $48.08 and its 200-day moving average price is $45.19.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business had revenue of $290.30 million during the quarter, compared to analysts' expectations of $269.60 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.16%. CSG Systems International's dividend payout ratio (DPR) is presently 54.05%.

Analyst Ratings Changes

CSGS has been the topic of several recent analyst reports. StockNews.com lowered shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank of Canada raised their target price on CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday. Cantor Fitzgerald lifted their price target on CSG Systems International from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Finally, Benchmark restated a "buy" rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.60.

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.