Rolland B. Johns Sells 1,099 Shares of CSG Systems International, Inc. (CSGS) Stock
CSG Systems International, Inc. (NASDAQ:CSGS) insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.07, for a total value of $42,937.93. Following the completion of the sale, the insider now owns 16,574 shares of the company’s stock, valued at approximately $647,546.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
CSG Systems International, Inc. (NASDAQ:CSGS) traded down 1.14% during mid-day trading on Tuesday, reaching $38.26. The company had a trading volume of 64,231 shares. CSG Systems International, Inc. has a 1-year low of $35.48 and a 1-year high of $51.34. The company has a market capitalization of $1.29 billion, a PE ratio of 20.14 and a beta of 1.09. The firm has a 50-day moving average of $41.24 and a 200 day moving average of $40.31.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $192.70 million during the quarter, compared to analysts’ expectations of $194.58 million. CSG Systems International had a return on equity of 24.76% and a net margin of 8.10%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, analysts predict that CSG Systems International, Inc. will post $2.52 earnings per share for the current fiscal year.
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CSGS has been the subject of a number of recent research reports. Zacks Investment Research downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Stifel Nicolaus restated a “buy” rating and issued a $47.00 target price on shares of CSG Systems International in a research report on Monday, July 10th. Finally, BidaskClub downgraded CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.
A number of institutional investors have recently added to or reduced their stakes in CSGS. Meadow Creek Investment Management LLC boosted its position in CSG Systems International by 16.0% in the first quarter. Meadow Creek Investment Management LLC now owns 2,958 shares of the technology company’s stock valued at $112,000 after buying an additional 408 shares in the last quarter. Airain ltd purchased a new position in CSG Systems International during the second quarter valued at $215,000. Tudor Investment Corp ET AL purchased a new position in CSG Systems International during the first quarter valued at $223,000. Palo Capital Inc. purchased a new position in CSG Systems International during the second quarter valued at $231,000. Finally, Blair William & Co. IL boosted its position in CSG Systems International by 0.5% in the second quarter. Blair William & Co. IL now owns 8,600 shares of the technology company’s stock valued at $349,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.
CSG Systems International Company Profile
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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