Smith Graham Investment Advisors Lp buys $7,992,811 stake in CSG Systems International (CSGS)

CSG Systems International (CSGS) : Smith Graham Investment Advisors Lp scooped up 5,810 additional shares in CSG Systems International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 201,077 shares of CSG Systems International which is valued at $7,992,811.CSG Systems International makes up approximately 1.03% of Smith Graham Investment Advisors Lp’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc added CSGS to its portfolio by purchasing 120 company shares during the most recent quarter which is valued at $4,770.Capstone Asset Management Co reduced its stake in CSGS by selling 280 shares or 2.81% in the most recent quarter. The Hedge Fund company now holds 9,693 shares of CSGS which is valued at $387,720. CSG Systems International makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in CSGS by selling 5,031 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 327,160 shares of CSGS which is valued at $13,086,400. CSG Systems International makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp boosted its stake in CSGS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 132 shares of CSG Systems International which is valued at $5,364.

CSG Systems International closed down -0.14 points or -0.35% at $39.75 with 57,645 shares getting traded on Friday. Post opening the session at $40.11, the shares hit an intraday low of $39.74 and an intraday high of $40.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, CSG Systems International reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.62. The company had revenue of $190.30 million for the quarter, compared to analysts expectations of $185.50 million. The company’s revenue was up 4.2% 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. Shares were Reiterated by Stifel on Sep 22, 2016 to “Buy” and Lowered the Price Target to $ 47 from a previous price target of $49 .

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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