CSG Systems International, Inc. (NASDAQ:CSGS) EVP Kenneth M. Kennedy sold 1,903 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $45.68, for a total transaction of $86,929.04. Following the completion of the transaction, the executive vice president now owns 43,910 shares in the company, valued at approximately $2,005,808.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of CSG Systems International, Inc. (CSGS) traded down $0.13 during mid-day trading on Thursday, reaching $44.07. 154,000 shares of the company’s stock were exchanged, compared to its average volume of 204,105. CSG Systems International, Inc. has a 52-week low of $35.48 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.56. The firm has a market cap of $1,481.74, a price-to-earnings ratio of 22.10 and a beta of 1.02.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $194.67 million. CSG Systems International had a net margin of 7.57% and a return on equity of 22.11%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. research analysts predict that CSG Systems International, Inc. will post 2.1 EPS for the current fiscal year.
A number of equities analysts have commented on CSGS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eaton Vance Management increased its position in shares of CSG Systems International by 9.7% in the 2nd quarter. Eaton Vance Management now owns 295,521 shares of the technology company’s stock worth $11,992,000 after purchasing an additional 26,009 shares during the last quarter. LSV Asset Management increased its position in shares of CSG Systems International by 1.3% in the 2nd quarter. LSV Asset Management now owns 1,429,188 shares of the technology company’s stock worth $57,996,000 after purchasing an additional 18,600 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CSG Systems International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 971,982 shares of the technology company’s stock worth $39,444,000 after purchasing an additional 24,472 shares during the last quarter. Prudential PLC bought a new stake in shares of CSG Systems International in the 2nd quarter worth about $8,173,000. Finally, Jensen Investment Management Inc. increased its position in shares of CSG Systems International by 24.1% in the 2nd quarter. Jensen Investment Management Inc. now owns 14,350 shares of the technology company’s stock worth $582,000 after purchasing an additional 2,790 shares during the last quarter. 91.31% of the stock is owned by institutional investors.
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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