CSG Systems International CFO Randy Wiese Sells 1,500 Shares (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $27.74, for a total value of $41,610.00. Following the sale, the chief financial officer now directly owns 181,329 shares of the company’s stock, valued at approximately $5,030,066. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 0.21% on Friday, hitting $28.25. 51,784 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 $27.01 and a 200-day moving average of $26.62. The company has a market cap of $911.3 million and a price-to-earnings ratio of 21.68.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly 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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