CSG Systems International CAO Joseph Thomas Ruble Sells 6,020 Shares (CSGS)
CSG Systems International (NASDAQ:CSGS) CAO Joseph Thomas Ruble sold 6,020 shares of CSG Systems International stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $28.21, for a total transaction of $169,824.20. Following the completion of the sale, the chief accounting officer now directly owns 107,215 shares in the company, valued at approximately $3,024,535. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of CSG Systems International (NASDAQ:CSGS) traded down 0.11% during mid-day trading on Tuesday, hitting $28.25. The stock had a trading volume of 277,867 shares. 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 $27.08 and its 200-day moving average is $26.60. The company has a market cap of $911.3 million and a P/E ratio of 21.75.
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.
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%.
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.
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.