CSG Systems International Inc. (CSGS) to Issue Quarterly Dividend of $0.19 on December 22nd
CSG Systems International Inc. (NASDAQ:CSGS) announced a quarterly dividend on Monday, November 21st. Investors of record on Wednesday, December 7th will be paid a dividend of 0.185 per share on Thursday, December 22nd. This represents a $0.74 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, December 5th.
Shares of CSG Systems International (NASDAQ:CSGS) opened at 44.50 on Wednesday. The company has a 50-day moving average of $40.32 and a 200 day moving average of $41.38. CSG Systems International has a one year low of $32.45 and a one year high of $46.54. The stock has a market cap of $1.37 billion, a PE ratio of 20.05 and a beta of 0.81.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The company earned $189.30 million during the quarter, compared to analysts’ expectations of $186.75 million. CSG Systems International had a net margin of 9.68% and a return on equity of 34.24%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, analysts predict that CSG Systems International will post $2.86 earnings per share for the current year.
In other news, insider Rolland B. Johns sold 2,494 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $42.14, for a total value of $105,097.16. Following the completion of the sale, the insider now owns 19,618 shares of the company’s stock, valued at approximately $826,702.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.25% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of CSG Systems International by 1.2% in the second quarter. Arizona State Retirement System now owns 16,858 shares of the company’s stock valued at $680,000 after buying an additional 200 shares during the last quarter. Thrivent Financial for Lutherans raised its position in CSG Systems International by 4.2% in the second quarter. Thrivent Financial for Lutherans now owns 15,770 shares of the company’s stock valued at $636,000 after buying an additional 640 shares during the period. California State Teachers Retirement System raised its position in CSG Systems International by 1.0% in the third quarter. California State Teachers Retirement System now owns 67,952 shares of the company’s stock valued at $2,808,000 after buying an additional 700 shares during the period. Rhumbline Advisers raised its position in CSG Systems International by 2.6% in the second quarter. Rhumbline Advisers now owns 44,294 shares of the company’s stock valued at $1,785,000 after buying an additional 1,126 shares during the period. Finally, Teachers Advisors Inc. raised its position in CSG Systems International by 4.9% in the second quarter. Teachers Advisors Inc. now owns 70,118 shares of the company’s stock valued at $2,826,000 after buying an additional 3,248 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.
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CSGS has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Monday, August 8th.
About CSG Systems International
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.
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