Curbstone Financial Management Corp Sells 1,400 Shares of CSG Systems International, Inc. $CSGS

by · The Cerbat Gem

Curbstone Financial Management Corp reduced its stake in CSG Systems International, Inc. (NASDAQ:CSGS – Free Report) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,100 shares of the technology company’s stock after selling 1,400 shares during the quarter. Curbstone Financial Management Corp’s holdings in CSG Systems International were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after purchasing an additional 220 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of CSG Systems International by 21.3% in the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after purchasing an additional 373 shares in the last quarter. Praxis Investment Management Inc. bought a new stake in shares of CSG Systems International in the 1st quarter worth approximately $206,000. SG Americas Securities LLC bought a new stake in shares of CSG Systems International in the 1st quarter worth approximately $315,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of CSG Systems International by 16.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,450 shares of the technology company’s stock worth $487,000 after purchasing an additional 1,071 shares in the last quarter. 91.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CSGS shares. Wall Street Zen cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price target on CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Finally, Wolfe Research initiated coverage on CSG Systems International in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Check Out Our Latest Research Report on CSG Systems International

CSG Systems International Stock Performance

CSGS stock opened at $64.75 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.68 and a beta of 0.92. CSG Systems International, Inc. has a 12-month low of $46.17 and a 12-month high of $67.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. The stock’s 50 day simple moving average is $64.26 and its 200 day simple moving average is $63.14.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.12. The firm had revenue of $271.26 million for the quarter, compared to analysts’ expectations of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS. As a group, research analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 19th. CSG Systems International’s dividend payout ratio is presently 44.29%.

CSG Systems International Company Profile

(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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