Counterpoint Mutual Funds LLC Takes $134,000 Position in CSG Systems International, Inc. (NASDAQ:CSGS)

Counterpoint Mutual Funds LLC bought a new stake in CSG Systems International, Inc. (NASDAQ:CSGS – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,336 shares of the technology company’s stock, valued at approximately $134,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EMC Capital Management raised its position in shares of CSG Systems International by 50.5% in the 2nd quarter. EMC Capital Management now owns 3,280 shares of the technology company’s stock valued at $196,000 after buying an additional 1,100 shares in the last quarter. Moody National Bank Trust Division acquired a new position in CSG Systems International during the 3rd quarter worth approximately $201,000. Captrust Financial Advisors increased its position in CSG Systems International by 201.0% during the 2nd quarter. Captrust Financial Advisors now owns 4,978 shares of the technology company’s stock worth $297,000 after purchasing an additional 3,324 shares in the last quarter. Mutual of America Capital Management LLC increased its position in CSG Systems International by 11.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 5,225 shares of the technology company’s stock worth $312,000 after purchasing an additional 542 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in CSG Systems International during the 2nd quarter worth approximately $371,000. 94.79% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Trading Down 0.1 %

CSGS traded down $0.05 during trading on Friday, reaching $51.63. 872,959 shares of the company’s stock were exchanged, compared to its average volume of 163,299. CSG Systems International, Inc. has a one year low of $49.02 and a one year high of $66.58. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.61 billion, a PE ratio of 36.36 and a beta of 0.87. The firm has a fifty day moving average price of $57.68 and a two-hundred day moving average price of $57.80.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Friday, March 17th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.17%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, March 16th. CSG Systems International’s payout ratio is presently 78.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSGS shares. UBS Group started coverage on shares of CSG Systems International in a research report on Wednesday, November 23rd. They set an “outperform” rating for the company. Oppenheimer started coverage on shares of CSG Systems International in a research report on Monday, November 21st. They set an “outperform” rating and a $75.00 price objective for the company. Stifel Nicolaus started coverage on shares of CSG Systems International in a research report on Wednesday, March 8th. They set a “hold” rating for the company. Benchmark reiterated a “buy” rating and set a $73.00 price objective on shares of CSG Systems International in a research report on Tuesday, January 31st. Finally, StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Friday, March 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

About CSG Systems International

(Get Rating)

CSG Systems International, Inc is a purpose-driven, SaaS platform company, which engages in providing business support solutions serving the communications industry. It focuses on revenue management and digital monetization, customer experience, and payment solutions providers. The company was founded on October 17, 1994 and is headquartered in Englewood, CO.