CSG Systems International CFO Randy Wiese Unloads 1,750 Shares (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,750 shares of CSG Systems International stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $28.20, for a total transaction of $49,350.00. Following the completion of the sale, the chief financial officer now directly owns 172,829 shares in the company, valued at approximately $4,873,778. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CSG Systems International (NASDAQ:CSGS) traded down 0.25% on Friday, hitting $27.59. 32,081 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’s 50-day moving average is $27.17 and its 200-day moving average is $26.63. The company has a market cap of $890.0 million and a price-to-earnings ratio of 21.28.
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 declared a quarterly dividend, which is scheduled for Thursday, September 25th. Investors 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 2.28%. 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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