CSG Systems International Inc. (CSGS) Declares Quarterly Dividend of $0.16
CSG Systems International (NASDAQ:CSGS) declared a quarterly dividend on Monday, August 25th, Analyst Ratings Net reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.1575 per share on Thursday, September 25th. This represents a $0.63 dividend on an annualized basis and a yield of 2.23%.
On a related note, 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 0.60% during mid-day trading on Monday, hitting $28.38. 5,895 shares of the company’s stock traded hands. CSG Systems International has a 52 week low of $23.02 and a 52 week high of $32.11. The stock has a 50-day moving average of $27.05 and a 200-day moving average of $26.6. The company has a market cap of $915.5 million and a price-to-earnings ratio of 21.70.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter 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.
In other CSG Systems International news, CFO Randy Wiese sold 1,500 shares of the stock on the open market 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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