CSG Systems International, Inc. (NASDAQ:CSGS) Director Frank V. Sica sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the completion of the sale, the director now owns 21,550 shares in the company, valued at $812,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CSG Systems International, Inc. (CSGS) traded down 1.06% during mid-day trading on Thursday, reaching $37.50. The company’s stock had a trading volume of 123,574 shares. CSG Systems International, Inc. has a 52-week low of $35.48 and a 52-week high of $51.34. The firm has a 50 day moving average price of $40.89 and a 200 day moving average price of $39.98. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 19.74 and a beta of 1.09.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. The company had revenue of $192.70 million for the quarter, compared to analyst estimates of $194.58 million. During the same quarter last year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts predict that CSG Systems International, Inc. will post $2.52 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. LSV Asset Management raised its position in shares of CSG Systems International by 1.3% in the second quarter. LSV Asset Management now owns 1,429,188 shares of the technology company’s stock valued at $57,996,000 after buying an additional 18,600 shares during the last quarter. River Road Asset Management LLC raised its position in shares of CSG Systems International by 8.8% in the first quarter. River Road Asset Management LLC now owns 1,090,643 shares of the technology company’s stock valued at $41,237,000 after buying an additional 87,927 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CSG Systems International by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 971,982 shares of the technology company’s stock valued at $39,444,000 after buying an additional 24,472 shares during the last quarter. Schroder Investment Management Group raised its position in shares of CSG Systems International by 8.8% in the first quarter. Schroder Investment Management Group now owns 889,318 shares of the technology company’s stock valued at $33,794,000 after buying an additional 71,849 shares during the last quarter. Finally, State Street Corp raised its position in shares of CSG Systems International by 6.6% in the first quarter. State Street Corp now owns 777,859 shares of the technology company’s stock valued at $29,407,000 after buying an additional 48,447 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.

CSGS has been the topic of a number of analyst reports. Zacks Investment Research cut CSG Systems International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price target on shares of CSG Systems International in a research report on Monday, July 10th.

About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

Insider Buying and Selling by Quarter for CSG Systems International (NASDAQ:CSGS)

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