CSG Systems International Inc. (NASDAQ:CSGS) shares saw unusually-high trading volume on Tuesday . Approximately 420,256 shares traded hands during trading, an increase of 138% from the previous session’s volume of 176,815 shares.The stock last traded at $40.52 and had previously closed at $40.70.

CSGS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Stifel Nicolaus lifted their target price on shares of CSG Systems International from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, May 5th.

The firm has a market capitalization of $1.24 billion and a PE ratio of 18.69. The company has a 50 day moving average price of $40.80 and a 200-day moving average price of $41.32.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. During the same period last year, the company posted $0.61 EPS. The firm had revenue of $190.30 million for the quarter, compared to the consensus estimate of $185.50 million. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that CSG Systems International Inc. will post $2.65 earnings per share for the current fiscal year.

In related news, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $40.31, for a total value of $44,300.69. Following the completion of the transaction, the insider now owns 23,305 shares of the company’s stock, valued at approximately $939,424.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kenneth M. Kennedy sold 4,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $42.58, for a total transaction of $170,320.00. Following the completion of the transaction, the executive vice president now directly owns 35,486 shares of the company’s stock, valued at approximately $1,510,993.88. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of CSGS. Redwood Investments LLC increased its position in shares of CSG Systems International by 27.0% in the fourth quarter. Redwood Investments LLC now owns 79,760 shares of the company’s stock valued at $2,870,000 after buying an additional 16,961 shares during the last quarter. Systematic Financial Management LP increased its position in shares of CSG Systems International by 130.3% in the fourth quarter. Systematic Financial Management LP now owns 165,182 shares of the company’s stock valued at $5,943,000 after buying an additional 93,445 shares during the last quarter. Schroder Investment Management Group increased its position in shares of CSG Systems International by 380.6% in the fourth quarter. Schroder Investment Management Group now owns 568,500 shares of the company’s stock valued at $20,455,000 after buying an additional 450,200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of CSG Systems International by 62.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 59,933 shares of the company’s stock valued at $2,156,000 after buying an additional 22,933 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of CSG Systems International by 145.7% in the fourth quarter. New York State Common Retirement Fund now owns 122,831 shares of the company’s stock valued at $4,419,000 after buying an additional 72,830 shares during the last quarter.

CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.