NorthCrest Asset Manangement LLC Invests $533,000 in CSG Systems International, Inc. (NASDAQ:CSGS)

NorthCrest Asset Manangement LLC purchased a new stake in CSG Systems International, Inc. (NASDAQ:CSGSGet Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,250 shares of the technology company’s stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in CSG Systems International by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 636,059 shares of the technology company’s stock valued at $30,658,000 after purchasing an additional 48,168 shares during the period. Martingale Asset Management L P acquired a new position in CSG Systems International during the 3rd quarter valued at about $2,297,000. Versant Capital Management Inc lifted its stake in shares of CSG Systems International by 245,966.7% in the 4th quarter. Versant Capital Management Inc now owns 44,292 shares of the technology company’s stock worth $2,552,000 after acquiring an additional 44,274 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of CSG Systems International in the 4th quarter worth approximately $1,725,000. Finally, Lapides Asset Management LLC acquired a new stake in shares of CSG Systems International in the 4th quarter worth approximately $1,585,000. 97.23% of the stock is owned by institutional investors and hedge funds.

CSGS stock opened at $61.89 on Thursday. CSG Systems International, Inc. has a 52-week low of $42.58 and a 52-week high of $65.95. The company’s 50 day simple moving average is $63.36 and its 200-day simple moving average is $58.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $2.00 billion, a P/E ratio of 27.51 and a beta of 0.78.

CSG Systems International (NASDAQ:CSGSGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The technology company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.07). The company had revenue of $257.65 million during the quarter, compared to analyst estimates of $237.39 million. CSG Systems International had a net margin of 6.91% and a return on equity of 20.39%. During the same quarter in the prior year, the company posted $0.78 EPS. Sell-side analysts predict that CSG Systems International, Inc. will post 3.09 EPS for the current fiscal year.

A number of brokerages have recently weighed in on CSGS. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 27th.

In other CSG Systems International news, CAO David Neil Schaaf sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $61.53, for a total value of $92,295.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.35% of the company’s stock.

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.

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

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