Willis Investment Counsel Buys 16,862 Shares of CSG Systems International, Inc. $CSGS

by · The Cerbat Gem

Willis Investment Counsel raised its stake in CSG Systems International, Inc. (NASDAQ:CSGS – Free Report) by 91.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,341 shares of the technology company’s stock after buying an additional 16,862 shares during the period. Willis Investment Counsel owned 0.12% of CSG Systems International worth $2,308,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of CSG Systems International by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after acquiring an additional 7,908 shares during the last quarter. Hennessy Advisors Inc. bought a new position in CSG Systems International in the second quarter valued at about $10,859,000. Kendall Capital Management boosted its stake in shares of CSG Systems International by 27.7% during the second quarter. Kendall Capital Management now owns 60,335 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 13,075 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 18.4% during the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of CSG Systems International by 35.0% during the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after purchasing an additional 220 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Down 0.6%

Shares of CSG Systems International stock opened at $77.62 on Friday. The stock’s 50-day moving average is $69.73 and its 200 day moving average is $65.80. CSG Systems International, Inc. has a one year low of $49.23 and a one year high of $79.20. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $303.62 million during the quarter, compared to the consensus estimate of $278.76 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. Equities research analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be paid a $0.32 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. CSG Systems International’s dividend payout ratio (DPR) is currently 43.39%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Northland Capmk lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Oppenheimer lowered CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Sidoti lowered CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target on the stock. in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.81.

View Our Latest Report on CSGS

About CSG Systems International

(Free Report)

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.

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