Insider Selling: Randy Wiese Sells 1,750 Shares of CSG Systems International Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,750 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.28, for a total value of $49,490.00. Following the completion of the sale, the chief financial officer now directly owns 176,329 shares in the company, valued at approximately $4,986,584. 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 down 2.02% on Wednesday, hitting $27.68. 57,732 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 $27.11 and its 200-day moving average is $26.62. The company has a market cap of $892.9 million and a price-to-earnings ratio of 21.73.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data 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. Analysts expect that CSG Systems International will post $2.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, September 8th.
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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