CSG Systems International CFO Sells $41,775 in Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $27.85, for a total value of $41,775.00. Following the completion of the transaction, the chief financial officer now directly owns 182,829 shares in the company, valued at approximately $5,091,788. The sale was disclosed in a filing with the SEC, which can be accessed through 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.
CSG Systems International (NASDAQ:CSGS) traded up 2.14% during mid-day trading on Thursday, hitting $28.19. 92,918 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 has a 50-day moving average of $26.97 and a 200-day moving average of $26.61. The company has a market cap of $909.4 million and a price-to-earnings ratio of 21.23.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.