Rolland B. Johns Sells 2,494 Shares of CSG Systems International Inc. (CSGS) Stock
CSG Systems International Inc. (NASDAQ:CSGS) insider Rolland B. Johns sold 2,494 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $42.14, for a total value of $105,097.16. Following the transaction, the insider now owns 19,618 shares of the company’s stock, valued at approximately $826,702.52. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of CSG Systems International Inc. (NASDAQ:CSGS) traded up 2.13% during midday trading on Tuesday, reaching $43.69. 163,507 shares of the company traded hands. The firm has a market capitalization of $1.35 billion, a PE ratio of 19.69 and a beta of 0.81. CSG Systems International Inc. has a 12-month low of $32.45 and a 12-month high of $46.54. The company has a 50-day moving average of $40.00 and a 200 day moving average of $41.33.
CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The business had revenue of $189.30 million for the quarter, compared to analyst estimates of $186.75 million. CSG Systems International had a net margin of 9.68% and a return on equity of 34.24%. CSG Systems International’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities analysts forecast that CSG Systems International Inc. will post $2.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 5th. CSG Systems International’s dividend payout ratio (DPR) is currently 33.33%.
A number of large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its stake in CSG Systems International by 29.5% in the third quarter. Panagora Asset Management Inc. now owns 370,302 shares of the company’s stock valued at $15,305,000 after buying an additional 84,386 shares during the period. Piermont Capital Management Inc. increased its stake in CSG Systems International by 9.7% in the third quarter. Piermont Capital Management Inc. now owns 35,766 shares of the company’s stock valued at $1,478,000 after buying an additional 3,170 shares during the period. California State Teachers Retirement System increased its stake in CSG Systems International by 1.0% in the third quarter. California State Teachers Retirement System now owns 67,952 shares of the company’s stock valued at $2,808,000 after buying an additional 700 shares during the period. Oak Associates Ltd. OH increased its stake in CSG Systems International by 211.2% in the third quarter. Oak Associates Ltd. OH now owns 48,299 shares of the company’s stock valued at $1,837,000 after buying an additional 32,780 shares during the period. Finally, SG Americas Securities LLC bought a new stake in CSG Systems International during the third quarter valued at $350,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
CSGS has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, August 8th.
CSG Systems International Company Profile
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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