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 the stock on the open market in a transaction dated Friday, August 15th. The stock was 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 transaction 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) opened at 27.60 on Thursday. CSG Systems International has a one year low of $23.02 and a one year high of $32.11. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $26.61. The company has a market cap of $890.3 million and a P/E 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.
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