BlackRock Updates CSG Systems International Stake (Amendment No. 5)
Ticker: CSGS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1005757
| Field | Detail |
|---|---|
| Company | Csg Systems International INC (CSGS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its passive stake in CSG Systems International.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Common Stock in CSG SYSTEMS INTERNATIONAL INC as of December 31, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their stake in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in CSG Systems International's future performance, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock's continued significant, though passive, investment in CSG Systems International, which can be seen as a vote of confidence from a major institutional player.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
Investors should view this as a routine disclosure from a large institutional investor, confirming their continued passive ownership. It doesn't suggest any immediate buy or sell action but reinforces that a major player sees value in holding CSG Systems International stock.
Key Numbers
- 126349109 — CUSIP Number (identifies the Common Stock of CSG SYSTEMS INTERNATIONAL INC)
- 0001364742 — BlackRock's Central Index Key (CIK) (unique identifier for BlackRock Inc. with the SEC)
- 0001005757 — CSG Systems International's Central Index Key (CIK) (unique identifier for CSG SYSTEMS INTERNATIONAL INC with the SEC)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- CSG SYSTEMS INTERNATIONAL INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in CSG Systems International. (BlackRock, Inc.) — high confidence, target: Next 12 months
- CSG Systems International's stock price will not be significantly impacted by this routine filing. (CSG SYSTEMS INTERNATIONAL INC) — high confidence, target: Next 30 days
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 5)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is CSG SYSTEMS INTERNATIONAL INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CSG SYSTEMS INTERNATIONAL INC' and '(Name of Issuer) CSG SYSTEMS INTERNATIONAL INC'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CSG SYSTEMS INTERNATIONAL INC (CSGS).