CSG Systems International, Inc. (CSGS) EVP Sells $177,482.13 in Stock

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CSG Systems International, Inc. (NASDAQ:CSGS) EVP Kenneth M. Kennedy sold 4,247 shares of CSG Systems International stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $41.79, for a total transaction of $177,482.13. Following the sale, the executive vice president now owns 54,239 shares in the company, valued at $2,266,647.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ CSGS opened at $41.74 on Friday. The company has a market capitalization of $1.41 billion, a PE ratio of 15.99 and a beta of 0.99. CSG Systems International, Inc. has a 52-week low of $30.40 and a 52-week high of $47.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.61 and a current ratio of 1.71.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 6th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. CSG Systems International had a net margin of 7.56% and a return on equity of 24.07%. The company had revenue of $231.70 million for the quarter, compared to the consensus estimate of $228.30 million. During the same quarter in the previous year, the company earned $0.62 EPS. CSG Systems International’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that CSG Systems International, Inc. will post 2.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 14th will be given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.21. CSG Systems International’s payout ratio is presently 32.18%.

Several institutional investors have recently added to or reduced their stakes in CSGS. River Road Asset Management LLC lifted its position in shares of CSG Systems International by 94.6% during 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 acquiring an additional 621,856 shares during the period. Putnam Investments LLC acquired a new position in shares of CSG Systems International during the 3rd quarter valued at $4,572,000. 361 Capital LLC lifted its position in shares of CSG Systems International by 637.2% during the 4th quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock valued at $2,342,000 after acquiring an additional 63,707 shares during the period. BTIM Corp. lifted its position in shares of CSG Systems International by 11.0% during the 4th quarter. BTIM Corp. now owns 496,607 shares of the technology company’s stock valued at $15,778,000 after acquiring an additional 49,386 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of CSG Systems International by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 994,620 shares of the technology company’s stock valued at $31,599,000 after acquiring an additional 43,935 shares during the period. Institutional investors own 99.51% of the company’s stock.

A number of brokerages have recently issued reports on CSGS. TheStreet upgraded shares of CSG Systems International from a “c+” rating to a “b” rating in a research report on Wednesday, February 13th. B. Riley began coverage on shares of CSG Systems International in a research report on Thursday, February 14th. They issued a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. ValuEngine upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CSG Systems International presently has a consensus rating of “Hold” and an average price target of $47.00.

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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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