Ronald Cooper Sells 9,000 Shares of CSG Systems International, Inc. (NASDAQ:CSGS) Stock

CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the transaction, the director now directly owns 41,561 shares of the company’s stock, valued at $2,768,793.82. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CSG Systems International Stock Up 0.2 %

CSGS stock opened at $64.30 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.68 and a beta of 0.89. The firm has a 50-day simple moving average of $57.08 and a 200-day simple moving average of $52.43. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. CSG Systems International, Inc. has a 52 week low of $39.56 and a 52 week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. Equities analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio is currently 42.11%.

Institutional Trading of CSG Systems International

Several large investors have recently bought and sold shares of the business. Boston Trust Walden Corp grew its stake in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after acquiring an additional 88,216 shares in the last quarter. Geode Capital Management LLC grew its stake in CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in CSG Systems International by 0.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 1,420 shares in the last quarter. New York State Common Retirement Fund grew its stake in CSG Systems International by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after acquiring an additional 5,034 shares in the last quarter. Finally, Dean Investment Associates LLC grew its stake in CSG Systems International by 116.1% during the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after acquiring an additional 64,066 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Analysts Set New Price Targets

CSGS has been the subject of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.71.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.