Insider Selling: CSG Systems International CFO Unloads 1,500 Shares of Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,500 shares of CSG Systems International stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $27.48, for a total transaction of $41,220.00. Following the transaction, the chief financial officer now directly owns 185,829 shares in the company, valued at approximately $5,106,581. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CSG Systems International (NASDAQ:CSGS) traded up 0.07% during mid-day trading on Tuesday, hitting $27.94. 44,333 shares of the company’s stock traded hands. CSG Systems International has a 1-year low of $23.02 and a 1-year high of $32.11. The stock’s 50-day moving average is $26.9 and its 200-day moving average is $26.64. The company has a market cap of $901.3 million and a price-to-earnings ratio of 21.48.
CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.57 earnings per share. CSG Systems International’s revenue was down .8% compared to the same quarter last year. On average, analysts predict that CSG Systems International will post $2.12 earnings per share for the current fiscal year.
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.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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