Insider Selling: CSG Systems International, Inc. (NASDAQ:CSGS) Director Sells 9,000 Shares of Stock

CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper sold 9,000 shares of the business’s 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 transaction, the director now owns 41,561 shares in the company, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CSG Systems International Stock Down 2.2 %

CSG Systems International stock opened at $64.14 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. CSG Systems International, Inc. has a fifty-two week low of $39.56 and a fifty-two week high of $67.60. The firm has a fifty day moving average price of $56.82 and a two-hundred day moving average price of $52.30.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share 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%. As a group, analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald upped their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus upped their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSGS. Independence Bank of Kentucky acquired a new position in shares of CSG Systems International during the fourth quarter valued at about $80,000. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after buying an additional 586 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of CSG Systems International during the third quarter valued at about $294,000. Handelsbanken Fonder AB raised its position in shares of CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after buying an additional 1,100 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. raised its position in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.