SG Americas Securities LLC Invests $840,000 in CSG Systems International, Inc. (NASDAQ:CSGS)

SG Americas Securities LLC bought a new stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,260 shares of the technology company's stock, valued at approximately $840,000. SG Americas Securities LLC owned approximately 0.06% of CSG Systems International at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CSGS. Boston Trust Walden Corp boosted its position in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock worth $40,498,000 after purchasing an additional 156,222 shares in the last quarter. LSV Asset Management boosted its stake in CSG Systems International by 2.1% in 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. Lazard Asset Management LLC grew its position in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company's stock valued at $2,748,000 after purchasing an additional 28,666 shares during the last quarter. Quantbot Technologies LP grew its position in CSG Systems International by 31.8% during the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company's stock valued at $981,000 after purchasing an additional 4,590 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in 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 worth $2,399,000 after buying an additional 1,644 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Benchmark reissued a "buy" rating and set a $75.00 price target on shares of CSG Systems International in a research report on Wednesday, August 7th. Royal Bank of Canada decreased their price target on CSG Systems International from $61.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 10th. Finally, Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $58.80.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded up $0.68 during trading hours on Friday, reaching $48.35. 108,431 shares of the stock traded hands, compared to its average volume of 272,825. CSG Systems International, Inc. has a one year low of $39.56 and a one year high of $55.64. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.42 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 company has a 50 day moving average price of $47.14 and a 200 day moving average price of $45.22.

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

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International's dividend payout ratio is 54.79%.

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.