SG Americas Securities LLC Takes Position in CSG Systems International, Inc. (CSGS)

SG Americas Securities LLC Takes Position in CSG Systems International, Inc. (CSGS)

SG Americas Securities LLC acquired a new position in CSG Systems International, Inc. (NASDAQ:CSGS) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 8,480 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds also recently bought and sold shares of the company. PineBridge Investments L.P. boosted its stake in CSG Systems International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $166,000 after buying an additional 119 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in CSG Systems International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,200 shares of the company’s stock worth $298,000 after buying an additional 120 shares in the last quarter. Alps Advisors Inc. boosted its stake in CSG Systems International by 9.0% in the third quarter. Alps Advisors Inc. now owns 10,981 shares of the company’s stock worth $454,000 after buying an additional 906 shares in the last quarter. Jensen Investment Management Inc. boosted its stake in CSG Systems International by 17.5% in the third quarter. Jensen Investment Management Inc. now owns 11,500 shares of the company’s stock worth $475,000 after buying an additional 1,710 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in CSG Systems International by 8.5% in the third quarter. Aperio Group LLC now owns 14,978 shares of the company’s stock worth $619,000 after buying an additional 1,175 shares in the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) traded down 0.10% during mid-day trading on Friday, reaching $49.13. The company’s stock had a trading volume of 183,746 shares. The firm’s 50 day moving average is $49.16 and its 200-day moving average is $43.41. The company has a market capitalization of $1.52 billion, a PE ratio of 22.14 and a beta of 0.89. CSG Systems International, Inc. has a 52-week low of $33.84 and a 52-week high of $51.34.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.19. The business earned $189.30 million during the quarter, compared to analyst estimates of $186.75 million. CSG Systems International had a return on equity of 34.24% and a net margin of 9.68%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts forecast that CSG Systems International, Inc. will post $2.86 EPS for the current year.

Separately, Zacks Investment Research lowered CSG Systems International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th.

In other news, EVP Kenneth M. Kennedy sold 1,516 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $47.81, for a total value of $72,479.96. Following the completion of the sale, the executive vice president now owns 32,659 shares in the company, valued at $1,561,426.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rolland B. Johns sold 2,494 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $42.14, for a total value of $105,097.16. Following the completion of the sale, the insider now owns 19,618 shares of the company’s stock, valued at approximately $826,702.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,310 shares of company stock valued at $422,132. Insiders own 3.25% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.

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