Kendall Capital Management Sells 315 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

Kendall Capital Management trimmed its position in CSG Systems International, Inc. (NASDAQ:CSGS) by 0.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 48,555 shares of the technology company’s stock after selling 315 shares during the period. Kendall Capital Management owned about 0.16% of CSG Systems International worth $1,999,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CSGS. BNP Paribas Financial Markets grew its position in CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 14,682 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in CSG Systems International in the 1st quarter worth about $190,000. LSV Asset Management grew its position 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. Quantbot Technologies LP grew its position in shares of 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 acquiring an additional 4,590 shares during the period. Finally, Sciencast Management LP bought a new position in shares of CSG Systems International during the 1st quarter valued at approximately $233,000. 91.07% of the stock is owned by institutional investors.

CSG Systems International Stock Down 1.0 %

CSGS opened at $47.85 on Thursday. The company has a 50 day moving average of $46.02 and a 200 day moving average of $45.71. The company has a market cap of $1.42 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82. CSG Systems International, Inc. has a 12 month low of $39.56 and a 12 month high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. The company had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. CSG Systems International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, sell-side analysts expect that CSG Systems International, Inc. will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, September 13th. CSG Systems International’s dividend payout ratio is presently 54.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. Royal Bank of Canada reduced their target price on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company reduced their target price on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald increased 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 report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $58.80.

About CSG Systems International

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.