CSG Systems International CAO Joseph Thomas Ruble Sells 8,784 Shares (CSGS)
CSG Systems International (NASDAQ:CSGS) CAO Joseph Thomas Ruble sold 8,784 shares of CSG Systems International stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $27.14, for a total transaction of $238,397.76. Following the sale, the chief accounting officer now directly owns 114,742 shares in the company, valued at approximately $3,114,098. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Stifel Nicolaus upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $40.00 price target on the stock.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 1.29% during mid-day trading on Monday, hitting $27.49. 125,236 shares of the company’s stock traded hands. CSG Systems International has a one year low of $23.02 and a one year high of $32.11. The stock has a 50-day moving average of $26.53 and a 200-day moving average of $26.81. The company has a market cap of $886.8 million and a price-to-earnings ratio of 20.88.
CSG Systems International (NASDAQ:CSGS) last released its earnings data on Thursday, July 31st. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.52. The company had revenue of $184.60 million for the quarter, compared to the consensus estimate of $188.67 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that CSG Systems International will post $2.12 earnings per share for the current fiscal year.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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