Insider Selling: CSG Systems International CFO Sells 1,500 Shares of Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $27.63, for a total transaction of $41,445.00. Following the completion of the transaction, the chief financial officer now directly owns 169,829 shares of the company’s stock, valued at approximately $4,692,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of CSG Systems International (NASDAQ:CSGS) traded down 0.98% on Wednesday, hitting $27.40. The stock had a trading volume of 192,090 shares. CSG Systems International has a 1-year low of $23.02 and a 1-year high of $32.11. The stock’s 50-day moving average is $27.26 and its 200-day moving average is $26.64. The company has a market cap of $883.9 million and a P/E ratio of 21.28.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly 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 2.30%. 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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