Insider Selling: Randy Wiese Unloads 1,750 Shares of CSG Systems International Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese unloaded 1,750 shares of CSG Systems International stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $28.18, for a total transaction of $49,315.00. Following the sale, the chief financial officer now directly owns 174,579 shares in the company, valued at approximately $4,919,636. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CSG Systems International (NASDAQ:CSGS) traded up 0.22% on Thursday, hitting $27.69. The stock had a trading volume of 41,855 shares. CSG Systems International has a 52 week low of $23.02 and a 52 week high of $32.11. The stock’s 50-day moving average is $27.14 and its 200-day moving average is $26.62. The company has a market cap of $893.3 million and a P/E ratio of 21.25.
CSG Systems International (NASDAQ:CSGS) last announced its 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. 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. Shareholders 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 2.28%. The ex-dividend date 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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