CSG Systems International, Inc. (CSGS) Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,142 shares of the technology company’s stock after selling 4,010 shares during the quarter. California State Teachers Retirement System owned about 0.18% of CSG Systems International worth $2,400,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Palo Capital Inc. bought a new stake in shares of CSG Systems International in the second quarter valued at approximately $231,000. Pinebridge Investments L.P. boosted its position in shares of CSG Systems International by 3.9% in the second quarter. Pinebridge Investments L.P. now owns 4,452 shares of the technology company’s stock valued at $180,000 after acquiring an additional 168 shares during the period. Airain ltd bought a new stake in shares of CSG Systems International in the second quarter valued at approximately $215,000. Hikari Power Ltd bought a new stake in shares of CSG Systems International in the second quarter valued at approximately $217,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of CSG Systems International in the first quarter valued at approximately $223,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently weighed in on CSGS shares. Zacks Investment Research raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a research report on Friday, November 3rd. Finally, BidaskClub cut CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

CSG Systems International, Inc. (NASDAQ:CSGS) opened at $43.50 on Monday. The company has a market capitalization of $1,458.27, a price-to-earnings ratio of 21.75 and a beta of 1.02. CSG Systems International, Inc. has a 12-month low of $35.48 and a 12-month high of $51.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.56.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $194.67 million. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. CSG Systems International’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. analysts predict that CSG Systems International, Inc. will post 2.1 EPS for the current year.

About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

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

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