Insider Selling: CSG Systems International CFO Sells 1,750 Shares of Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese unloaded 1,750 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $28.07, for a total transaction of $49,122.50. Following the completion of the transaction, the chief financial officer now directly owns 178,079 shares in the company, valued at approximately $4,998,678. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 down 0.11% on Tuesday, hitting $28.25. 277,867 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’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 price-to-earnings 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. Analysts expect that CSG Systems International will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a 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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