Insider Selling: CSG Systems International, Inc. (CSGS) Director Sells 6,800 Shares of Stock

CSG Systems International, Inc. (NASDAQ:CSGS) Director Donald Reed sold 6,800 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total value of $313,412.00. Following the completion of the transaction, the director now owns 34,868 shares in the company, valued at $1,607,066.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Donald Reed also recently made the following trade(s):

  • On Friday, May 17th, Donald Reed sold 200 shares of CSG Systems International stock. The stock was sold at an average price of $46.10, for a total value of $9,220.00.

NASDAQ CSGS traded up $0.23 during trading on Wednesday, reaching $46.12. The company’s stock had a trading volume of 1,447 shares, compared to its average volume of 169,073. The firm has a market capitalization of $1.51 billion, a P/E ratio of 17.65 and a beta of 1.10. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.14. CSG Systems International, Inc. has a one year low of $30.40 and a one year high of $49.75.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). The business had revenue of $227.66 million during the quarter, compared to the consensus estimate of $225.95 million. CSG Systems International had a return on equity of 24.90% and a net margin of 7.77%. CSG Systems International’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, research analysts anticipate that CSG Systems International, Inc. will post 2.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.222 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.89 annualized dividend and a dividend yield of 1.93%. CSG Systems International’s dividend payout ratio (DPR) is presently 34.10%.

A number of equities analysts have weighed in on CSGS shares. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, February 7th. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. B. Riley started coverage on CSG Systems International in a research note on Thursday, February 14th. They issued a “buy” rating and a $51.00 target price on the stock. BidaskClub upgraded CSG Systems International from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, TheStreet upgraded CSG Systems International from a “c+” rating to a “b” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.00.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of CSG Systems International by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 994,620 shares of the technology company’s stock valued at $31,599,000 after purchasing an additional 43,935 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of CSG Systems International during the 4th quarter valued at about $324,000. Cavalier Investments LLC bought a new position in shares of CSG Systems International during the 4th quarter valued at about $85,000. 361 Capital LLC increased its position in shares of CSG Systems International by 637.2% during the 4th quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock valued at $2,342,000 after purchasing an additional 63,707 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of CSG Systems International during the 4th quarter valued at about $403,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.

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About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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