CSG Systems International, Inc. (NASDAQ:CSGS) CFO Randy Wiese sold 19,225 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $44.41, for a total value of $853,782.25. Following the completion of the sale, the chief financial officer now owns 103,506 shares of the company’s stock, valued at $4,596,701.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CSG Systems International, Inc. (NASDAQ CSGS) traded down $0.42 during midday trading on Wednesday, hitting $44.20. The stock had a trading volume of 129,800 shares, compared to its average volume of 204,319. The stock has a market cap of $1,495.82, a PE ratio of 22.31 and a beta of 1.02. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.97. CSG Systems International, Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $51.34.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $194.67 million. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. analysts expect that CSG Systems International, Inc. will post 2.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, December 4th. CSG Systems International’s dividend payout ratio is presently 44.13%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of CSG Systems International by 41.9% during the 3rd quarter. California Public Employees Retirement System now owns 24,832 shares of the technology company’s stock worth $996,000 after purchasing an additional 7,332 shares during the period. Schroder Investment Management Group grew its holdings in shares of CSG Systems International by 88.8% during the 3rd quarter. Schroder Investment Management Group now owns 515,348 shares of the technology company’s stock worth $20,562,000 after purchasing an additional 242,403 shares during the period. American International Group Inc. grew its holdings in shares of CSG Systems International by 5.6% during the 3rd quarter. American International Group Inc. now owns 26,446 shares of the technology company’s stock worth $1,060,000 after purchasing an additional 1,409 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of CSG Systems International by 98.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 106,755 shares of the technology company’s stock worth $4,281,000 after purchasing an additional 53,000 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of CSG Systems International by 277.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 30,617 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 22,503 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Several brokerages have issued reports on CSGS. Zacks Investment Research cut CSG Systems International from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 price target on shares of CSG Systems International in a report on Friday, November 3rd.

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/06/csg-systems-international-inc-csgs-cfo-sells-853782-25-in-stock.html.

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)

Receive News & Ratings for CSG Systems International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.