Insider Selling: CSG Systems International CFO Sells 1,500 Shares of Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CFO Randy Wiese unloaded 1,500 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $27.58, for a total transaction of $41,370.00. Following the transaction, the chief financial officer now directly owns 168,329 shares in the company, valued at approximately $4,642,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CSG Systems International (NASDAQ:CSGS) traded up 1.79% on Thursday, hitting $27.89. The stock had a trading volume of 79,822 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 $27.28 and its 200-day moving average is $26.65. The company has a market cap of $899.7 million and a P/E ratio of 21.08.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.57 earnings per share. CSG Systems International’s revenue was down .8% compared to the same quarter last year. 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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