CSG Systems International, Inc. (NASDAQ:CSGS) EVP Kenneth M. Kennedy sold 4,247 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $41.79, for a total value of $177,482.13. Following the completion of the sale, the executive vice president now owns 54,239 shares of the company’s stock, valued at approximately $2,266,647.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of CSGS opened at $41.36 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.98. CSG Systems International, Inc. has a 52-week low of $30.40 and a 52-week high of $47.97. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 15.85 and a beta of 1.10.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. CSG Systems International had a return on equity of 24.06% and a net margin of 7.56%. The firm had revenue of $231.70 million during the quarter, compared to the consensus estimate of $228.30 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts forecast that CSG Systems International, Inc. will post 2.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be given a $0.2225 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.89 annualized dividend and a yield of 2.15%. CSG Systems International’s payout ratio is presently 32.18%.
Several equities analysts recently commented on CSGS shares. ValuEngine downgraded CSG Systems International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. TheStreet downgraded CSG Systems International from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. B. Riley started coverage on CSG Systems International in a research report on Thursday, February 14th. They set a “buy” rating and a $51.00 target price for the company. Finally, Zacks Investment Research downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGS. Norges Bank acquired a new stake in shares of CSG Systems International in the 4th quarter valued at $23,381,000. River Road Asset Management LLC increased its stake in shares of CSG Systems International by 94.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,279,165 shares of the technology company’s stock valued at $51,346,000 after buying an additional 621,856 shares during the period. Putnam Investments LLC acquired a new stake in shares of CSG Systems International in the 3rd quarter valued at $4,572,000. 361 Capital LLC increased its stake in shares of CSG Systems International by 637.2% in the 4th quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock valued at $2,342,000 after buying an additional 63,707 shares during the period. Finally, BTIM Corp. increased its stake in shares of CSG Systems International by 11.0% in the 4th quarter. BTIM Corp. now owns 496,607 shares of the technology company’s stock valued at $15,778,000 after buying an additional 49,386 shares during the period. 98.62% of the stock is owned by institutional investors.
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CSG Systems International Company Profile
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's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.
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