Joseph Thomas Ruble Sells 1,475 Shares of CSG Systems International Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CAO Joseph Thomas Ruble unloaded 1,475 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $27.48, for a total transaction of $40,533.00. Following the sale, the chief accounting officer now directly owns 105,740 shares of the company’s stock, valued at approximately $2,905,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 52 week low of $23.02 and a 52 week 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 price-to-earnings ratio of 21.28.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results 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. 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 2.30%. 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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