Mutual of America Capital Management LLC Raises Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

Mutual of America Capital Management LLC raised its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGSGet Rating) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,683 shares of the technology company’s stock after purchasing an additional 223 shares during the period. Mutual of America Capital Management LLC’s holdings in CSG Systems International were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New York State Teachers Retirement System raised its position in CSG Systems International by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 79,482 shares of the technology company’s stock valued at $5,053,000 after purchasing an additional 200 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in CSG Systems International during the 4th quarter valued at approximately $39,000. Loomis Sayles & Co. L P raised its position in CSG Systems International by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 210,112 shares of the technology company’s stock valued at $12,107,000 after purchasing an additional 708 shares during the last quarter. Bellwether Advisors LLC bought a new position in CSG Systems International during the 1st quarter valued at approximately $66,000. Finally, US Asset Management LLC bought a new position in CSG Systems International during the 1st quarter valued at approximately $72,000. Institutional investors own 97.23% of the company’s stock.

CSG Systems International Stock Up 0.4 %

Shares of NASDAQ:CSGS opened at $65.50 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $2.12 billion, a P/E ratio of 35.79 and a beta of 0.78. The stock has a 50 day moving average price of $60.31 and a 200-day moving average price of $60.75. CSG Systems International, Inc. has a 52-week low of $44.22 and a 52-week high of $66.58.

CSG Systems International (NASDAQ:CSGSGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. The company had revenue of $246.36 million for the quarter, compared to the consensus estimate of $251.90 million. CSG Systems International had a return on equity of 20.67% and a net margin of 5.56%. As a group, equities research analysts anticipate that CSG Systems International, Inc. will post 3.13 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Thursday, June 16th were paid a $0.265 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $1.06 annualized dividend and a dividend yield of 1.62%. CSG Systems International’s payout ratio is currently 57.92%.

Insider Buying and Selling

In other CSG Systems International news, COO Kenneth M. Kennedy sold 9,885 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $58.06, for a total transaction of $573,923.10. Following the sale, the chief operating officer now directly owns 165,274 shares in the company, valued at approximately $9,595,808.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TheStreet lowered CSG Systems International from a “b” rating to a “c+” rating in a research report on Tuesday, June 28th. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 21st.

CSG Systems International Profile

(Get Rating)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc.

Further Reading

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

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