New York State Teachers Retirement System Has $2.27 Million Stock Holdings in CSG Systems International, Inc. (NASDAQ:CSGS)

New York State Teachers Retirement System lowered its holdings in CSG Systems International, Inc. (NASDAQ:CSGS) by 16.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,745 shares of the technology company’s stock after selling 9,500 shares during the period. New York State Teachers Retirement System’s holdings in CSG Systems International were worth $2,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its position in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after acquiring an additional 610 shares during the period. SG Americas Securities LLC boosted its holdings in CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Sciencast Management LP bought a new stake in CSG Systems International in the 1st quarter valued at $233,000. Stoneridge Investment Partners LLC acquired a new stake in CSG Systems International in the 2nd quarter worth $243,000. Finally, EMC Capital Management increased its holdings in shares of CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the period. 91.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CSGS has been the subject of several research reports. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada lifted their price objective on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald upped their target price on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Stock Up 9.5 %

NASDAQ CSGS opened at $55.93 on Friday. CSG Systems International, Inc. has a 1-year low of $39.56 and a 1-year high of $57.15. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.39 and a beta of 0.82. The stock’s 50 day moving average is $47.94 and its two-hundred day moving average is $45.15. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. During the same quarter in the previous year, the firm earned $0.61 EPS. CSG Systems International’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that CSG Systems International, Inc. will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. CSG Systems International’s dividend payout ratio is presently 54.05%.

CSG Systems International Profile

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.