New York State Teachers Retirement System Has $5.05 Million Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

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New York State Teachers Retirement System grew its position in CSG Systems International, Inc. (NASDAQ:CSGSGet Rating) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,482 shares of the technology company’s stock after purchasing an additional 200 shares during the period. New York State Teachers Retirement System owned about 0.25% of CSG Systems International worth $5,053,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. acquired a new position in CSG Systems International in the 4th quarter worth about $39,000. US Asset Management LLC acquired a new position in CSG Systems International in the 1st quarter worth about $72,000. Everence Capital Management Inc. acquired a new position in CSG Systems International in the 4th quarter worth about $219,000. Raymond James Trust N.A. acquired a new position in shares of CSG Systems International during the 4th quarter valued at about $233,000. Finally, Sciencast Management LP acquired a new position in shares of CSG Systems International during the 1st quarter valued at about $357,000. 97.23% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $60.83 on Friday. The business has a 50 day moving average price of $59.15 and a 200 day moving average price of $60.31. CSG Systems International, Inc. has a twelve month low of $44.22 and a twelve month high of $65.95. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 33.24 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

CSG Systems International (NASDAQ:CSGSGet Rating) last announced its earnings results on Wednesday, May 4th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. CSG Systems International had a return on equity of 20.67% and a net margin of 5.56%. The firm had revenue of $246.36 million during the quarter, compared to the consensus estimate of $251.90 million. Research analysts predict that CSG Systems International, Inc. will post 3.13 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Thursday, June 16th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, June 15th. This represents a $1.06 annualized dividend and a yield of 1.74%. CSG Systems International’s payout ratio is 57.92%.

Insider Activity at CSG Systems International

In other CSG Systems International news, COO Kenneth M. Kennedy sold 9,885 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $58.06, for a total value of $573,923.10. Following the completion of the sale, the chief operating officer now owns 165,274 shares in the company, valued at approximately $9,595,808.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 11th. TheStreet lowered CSG Systems International from a “b” rating to a “c+” rating in a report on Tuesday, June 28th.

About CSG Systems International

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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.

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