CSG Systems International CFO Sells $41,415 in Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,500 shares of CSG Systems International stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $27.61, for a total transaction of $41,415.00. Following the sale, the chief financial officer now directly owns 179,829 shares in the company, valued at approximately $4,965,079. The transaction was disclosed in a legal 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.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 0.14% during mid-day trading on Monday, hitting $28.25. The stock had a trading volume of 28,757 shares. 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 $27.05 and its 200-day moving average is $26.6. The company has a market cap of $911.3 million and a price-to-earnings ratio of 21.70.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 2.23%.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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