CSG Systems International, Inc. Plans Quarterly Dividend of $0.20 (CSGS)
CSG Systems International, Inc. (NASDAQ:CSGS) declared a quarterly dividend on Monday, August 21st, RTT News reports. Stockholders of record on Wednesday, September 6th will be paid a dividend of 0.1975 per share by the technology company on Thursday, September 21st. This represents a $0.79 annualized dividend and a dividend yield of 2.08%.
Shares of CSG Systems International (CSGS) traded up 0.50% during trading on Monday, hitting $38.21. The stock had a trading volume of 11,381 shares. The firm’s 50 day moving average is $40.37 and its 200 day moving average is $39.50. The company has a market cap of $1.23 billion, a PE ratio of 20.11 and a beta of 1.09. CSG Systems International has a 1-year low of $35.48 and a 1-year high of $51.34.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $192.70 million for the quarter, compared to analysts’ expectations of $194.58 million. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts anticipate that CSG Systems International will post $2.52 EPS for the current fiscal year.
CSGS has been the topic of a number of research analyst reports. Zacks Investment Research cut CSG Systems International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub cut CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price objective on shares of CSG Systems International in a research note on Monday, July 10th.
In other news, Director Frank V. Sica sold 3,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total transaction of $113,100.00. Following the completion of the sale, the director now directly owns 21,550 shares in the company, valued at $812,435. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donald Reed sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $41.53, for a total transaction of $207,650.00. Following the completion of the sale, the director now owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,099 shares of company stock valued at $363,688. 2.57% of the stock is currently owned by company insiders.
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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.
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