Copper Rock Capital Partners buys $32.3 Million stake in CSG Systems International (CSGS)

CSG Systems International (CSGS) : Copper Rock Capital Partners scooped up 2,228 additional shares in CSG Systems International during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 719,456 shares of CSG Systems International which is valued at $32.3 Million.CSG Systems International makes up approximately 2.84% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, CSG Systems International reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.73. The company had revenue of $197.29 million for the quarter, compared to analysts expectations of $192.88 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on CSG Systems International. Company shares were Reiterated by Stifel on Mar 17, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $43 .

CSG Systems International closed down -0.47 points or -1.04% at $44.92 with 5,39,147 shares getting traded on Monday. Post opening the session at $45.83, the shares hit an intraday low of $44.85 and an intraday high of $45.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

CSG Systems International Inc. (CSG) is a provider of business support solutions primarily to the communications industry. The Company’s solutions coordinate and manage many aspects of a service provider’s customer interactions from the initial activation of customer accounts to the support of various service activities and through the presentment collection and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing convergent rating and billing mediation and data management wholesale settlement and routing customer interaction management business intelligence and content management and monetization.

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