Somewhat Favorable News Coverage Somewhat Unlikely to Affect CSG Systems International (CSGS) Share Price
Headlines about CSG Systems International (NASDAQ:CSGS) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSG Systems International earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.4368134025878 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
CSG Systems International (NASDAQ:CSGS) traded up 0.81% during mid-day trading on Monday, reaching $38.68. 51,061 shares of the company traded hands. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.36 and a beta of 1.06. CSG Systems International has a 52 week low of $35.48 and a 52 week high of $51.34. The stock’s 50 day moving average price is $39.08 and its 200 day moving average price is $39.24.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to the consensus estimate of $194.58 million. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. CSG Systems International’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. Equities analysts forecast that CSG Systems International will post $2.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be issued a $0.1975 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.06%. CSG Systems International’s dividend payout ratio is presently 41.58%.
Several analysts recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $47.00 price target on shares of CSG Systems International in a research report on Monday, July 10th. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Finally, BidaskClub lowered shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.
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In other news, Director Frank V. Sica sold 3,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the completion of the transaction, the director now owns 21,550 shares in the company, valued at approximately $812,435. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.07, for a total transaction of $42,937.93. Following the completion of the transaction, the insider now owns 16,574 shares of the company’s stock, valued at approximately $647,546.18. The disclosure for this sale can be found here. Company insiders own 2.57% 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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