Alambic Investment Management buys $3,352,978 stake in CSG Systems International (CSGS)

CSG Systems International (CSGS) : Alambic Investment Management scooped up 13,660 additional shares in CSG Systems International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 82,020 shares of CSG Systems International which is valued at $3,352,978.CSG Systems International makes up approximately 0.75% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in CSGS in the latest quarter, The investment management firm added 46,626 additional shares and now holds a total of 131,293 shares of CSG Systems International which is valued at $5,367,258. CSG Systems International makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.Glenmede Trust Co Na reduced its stake in CSGS by selling 115 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 6,618 shares of CSGS which is valued at $272,463.Wcm Investment Managementca reduced its stake in CSGS by selling 45,625 shares or 16.55% in the most recent quarter. The Hedge Fund company now holds 230,106 shares of CSGS which is valued at $9,473,464. CSG Systems International makes up approx 0.14% of Wcm Investment Managementca’s portfolio.Smith Graham Investment Advisors Lp reduced its stake in CSGS by selling 12,510 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 195,267 shares of CSGS which is valued at $7,996,184. CSG Systems International makes up approx 1.04% of Smith Graham Investment Advisors Lp’s portfolio. Copper Rock Capital Partners sold out all of its stake in CSGS during the most recent quarter. The investment firm sold 719,456 shares of CSGS which is valued $29,914,980.

CSG Systems International opened for trading at $40.31 and hit $40.735 on the upside on Monday, eventually ending the session at $40.7, with a gain of 0.92% or 0.37 points. The heightened volatility saw the trading volume jump to 1,07,543 shares. Company has a market cap of $1,317 M.

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.

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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