MetLife Investment Management LLC Sells 947 Shares of CSG Systems International, Inc. $CSGS

MetLife Investment Management LLC cut its stake in CSG Systems International, Inc. (NASDAQ:CSGS) by 5.3% in the first quarter, Holdings Channel reports. The institutional investor owned 16,862 shares of the technology company’s stock after selling 947 shares during the period. MetLife Investment Management LLC’s holdings in CSG Systems International were worth $1,020,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of CSG Systems International during the first quarter worth $315,000. GAMMA Investing LLC lifted its position in shares of CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company’s stock worth $2,296,000 after purchasing an additional 37,398 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock worth $82,075,000 after purchasing an additional 216,128 shares during the last quarter. LSV Asset Management lifted its position in shares of CSG Systems International by 6.0% during the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock worth $88,624,000 after purchasing an additional 82,344 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of CSG Systems International during the first quarter worth $1,495,000. 91.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 29th. Stifel Nicolaus lifted their target price on CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Sidoti upgraded CSG Systems International to a “strong-buy” rating in a research report on Monday, May 19th. Finally, Wolfe Research assumed coverage on CSG Systems International in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CSG Systems International has a consensus rating of “Moderate Buy” and an average price target of $71.29.

CSG Systems International Stock Performance

Shares of CSG Systems International stock opened at $64.81 on Friday. The firm has a market cap of $1.86 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International, Inc. has a 12 month low of $44.57 and a 12 month high of $67.60. The stock’s fifty day moving average price is $63.27 and its 200-day moving average price is $62.61.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company had revenue of $271.26 million for the quarter, compared to analyst estimates of $267.41 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. CSG Systems International’s payout ratio is presently 44.29%.

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.