4,665 Shares in CSG Systems International, Inc. (CSGS) Acquired by First Hawaiian Bank

First Hawaiian Bank bought a new position in shares of CSG Systems International, Inc. (NASDAQ:CSGS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,665 shares of the technology company’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB lifted its position in CSG Systems International by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after buying an additional 1,400 shares during the period. Wedge Capital Management L L P NC lifted its position in CSG Systems International by 24.7% during the second quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock worth $291,000 after buying an additional 1,411 shares during the period. New York State Teachers Retirement System lifted its position in CSG Systems International by 4.2% during the second quarter. New York State Teachers Retirement System now owns 78,959 shares of the technology company’s stock worth $3,227,000 after buying an additional 3,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CSG Systems International during the second quarter worth about $272,000. Finally, California Public Employees Retirement System lifted its position in CSG Systems International by 33.4% during the first quarter. California Public Employees Retirement System now owns 29,554 shares of the technology company’s stock worth $1,339,000 after buying an additional 7,400 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Several equities analysts recently weighed in on CSGS shares. BidaskClub upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research upgraded CSG Systems International from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine downgraded CSG Systems International from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Finally, Sidoti initiated coverage on CSG Systems International in a report on Wednesday, August 15th. They issued a “buy” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.67.

CSG Systems International stock opened at $35.75 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 17.70 and a beta of 0.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.01. CSG Systems International, Inc. has a 12 month low of $33.33 and a 12 month high of $48.82.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $211.45 million. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. On average, equities analysts forecast that CSG Systems International, Inc. will post 2.36 earnings per share for the current fiscal year.

CSG Systems International Company Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

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

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