CSG Systems International, Inc. (NASDAQ:CSGS) Shares Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. boosted its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 39.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,538 shares of the technology company’s stock after acquiring an additional 3,001 shares during the period. Cornercap Investment Counsel Inc.’s holdings in CSG Systems International were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGS. SG Americas Securities LLC raised its position in CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after acquiring an additional 1,698 shares during the last quarter. Lazard Asset Management LLC raised its position in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after acquiring an additional 28,666 shares during the last quarter. Comerica Bank raised its position in CSG Systems International by 34.9% during the first quarter. Comerica Bank now owns 21,954 shares of the technology company’s stock worth $1,132,000 after acquiring an additional 5,676 shares during the last quarter. EMC Capital Management raised its position in CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Delphi Management Inc. MA purchased a new stake in shares of CSG Systems International during the first quarter worth about $1,599,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

CSG Systems International stock opened at $54.48 on Friday. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $57.15. The firm has a 50 day moving average price of $48.87 and a 200 day moving average price of $45.42. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.59 and a beta of 0.82. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same period in the previous year, the firm earned $0.74 earnings per share. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that CSG Systems International, Inc. will post 3.48 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 2.20%. CSG Systems International’s dividend payout ratio is currently 52.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International currently has a consensus rating of “Buy” and an average price target 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.