CSG Systems International (CSGS) Receiving Somewhat Positive Media Coverage, Accern Reports
News articles about CSG Systems International (NASDAQ:CSGS) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSG Systems International earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.6821594260146 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- OSS BSS System and Platform Market – Pegged at US$29.11 Bn in 2015 and Slated to Advance at a CAGR of 10.5% from 2016 to 2024 (sbwire.com)
- Harristown business now has global reach (thechronicle.com.au)
- CSG Systems International to Hold Third Quarter Earnings Conference Call (businesswire.com)
- Critical Analysis: Fortinet (FTNT) versus CSG Systems International (CSGS) (americanbankingnews.com)
- Telecom software professional services market insights shared in detailed report (whatech.com)
CSG Systems International (NASDAQ CSGS) traded down 0.15% during mid-day trading on Thursday, reaching $40.97. 102,926 shares of the company’s stock traded hands. The stock has a market cap of $1.32 billion, a P/E ratio of 21.56 and a beta of 1.05. CSG Systems International has a 12 month low of $35.48 and a 12 month high of $51.34. The company has a 50 day moving average price of $38.63 and a 200-day moving average price of $39.25.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $192.70 million for 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%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. On average, analysts anticipate that CSG Systems International will post $2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, September 1st. CSG Systems International’s dividend payout ratio is 41.58%.
CSGS has been the topic of several analyst reports. Stifel Nicolaus reaffirmed 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 Tuesday, July 4th. 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 related news, Director Frank V. Sica sold 3,000 shares of the business’s 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 transaction, the director now directly owns 21,550 shares of the company’s stock, valued at approximately $812,435. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was 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 directly owns 16,574 shares in the company, valued at $647,546.18. The disclosure for this sale can be found here. 2.57% of the stock is owned by insiders.
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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