LSV Asset Management Discloses 4.8% Holding in CSG Systems (CSGS)

Rhea-AI Filing Summary

LSV Asset Management reports beneficial ownership of 1,395,688 shares of CSG Systems International Class A common stock, representing 4.8% of the class. The filing shows LSV has sole dispositive power over all 1,395,688 shares and sole voting power for 852,443 shares, with no shared voting or dispositive power. The statement classifies LSV as an investment adviser (Type IA) and affirms the position is held in the ordinary course of business and not for the purpose of changing control.

The disclosure also notes that clients of LSV have the right to receive dividends or proceeds from these securities. The split between voting and dispositive power means LSV can direct the sale of the full holding while voting authority applies to a smaller portion, a detail relevant to governance and liquidity considerations.

Positive

• Beneficial ownership disclosed: LSV reports ownership of 1,395,688 shares (4.8%) of CSG Systems
• Clear authority: LSV states sole dispositive power over all reported shares and sole voting power for 852,443 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: A transparent, passive sub-5% stake with sole disposal rights; limited immediate market impact.

LSV Asset Management reports a 4.8% beneficial stake in CSG Systems totaling 1,395,688 shares. The filing indicates sole dispositive power over the entire position and sole voting power over 852,443 shares, implying the adviser can sell the full holding without shared approval while voting influence is partial. Because the position is below 5% and certified as held in the ordinary course, this disclosure is routine and unlikely to move markets, though it documents a meaningful ownership block for monitoring.

Corporate Governance Expert

TL;DR: Sole disposal with limited voting creates asymmetric control over liquidity versus governance influence.

The report shows LSV exercises exclusive authority to dispose of all reported shares while voting authority is limited to about 61% of that holding (852,443 of 1,395,688). That structure can affect proxy dynamics because LSV can liquidate the full position without coordinated voting with other holders, yet its formal voting influence is smaller. The filing also cites the holding is not intended to change control, which reduces immediate governance concern but merits monitoring if stake size changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CSG SYSTEMS INTERNATIONAL INC

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

126349109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 126349109

1

Names of Reporting Persons

LSV ASSET MANAGEMENT

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 852,443.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,395,688.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,395,688.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CSG SYSTEMS INTERNATIONAL INC
(b)	Address of issuer's principal executive offices: 169 INVERNESS DR W, SUITE 300, ENGLEWOOD, CALIFORNIA, 80112
Item 2.
(a)	Name of person filing: LSV Asset Management
(b)	Address or principal business office or, if none, residence: 155 North Wacker Drive Suite 4600 Chicago, IL 60606
(c)	Citizenship: State of Delaware
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 126349109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,395,688
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 852,443
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,395,688
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The clients of LSV Asset Management, including funds and/or managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities of the issuer.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LSV ASSET MANAGEMENT

Signature:	Josh O'Donnell
Name/Title:	Chief Compliance Officer
Date:	08/12/2025

FAQ

Who filed the Schedule 13G/A for CSG Systems (CSGS)?

LSV Asset Management filed the statement and is identified as an investment adviser (Type IA).

How many CSGS shares does LSV own and what percent of the class is that?

LSV beneficially owns 1,395,688 shares, equal to 4.8% of the Class A common stock.

What voting and dispositive powers does LSV report for CSGS shares?

LSV reports sole voting power for 852,443 shares, sole dispositive power for 1,395,688 shares, and no shared powers.

Is LSV's stake in CSGS reported as passive or intended to change control?

Per Item 10 certification, LSV states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

Do clients of LSV have rights to dividends or proceeds from the reported CSGS shares?

Yes. The filing notes that clients of LSV have the right to receive dividends or sale proceeds from these securities.