Insider Selling: CSG Systems International, Inc. (NASDAQ:CSGS) Director Sells $599,580.00 in Stock

CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper sold 9,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the transaction, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CSG Systems International Price Performance

CSGS opened at $64.30 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The stock’s 50 day simple moving average is $57.08 and its 200 day simple moving average is $52.47. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.68 and a beta of 0.89. CSG Systems International, Inc. has a 1 year low of $39.56 and a 1 year high of $67.60.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. As a group, analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 19th. CSG Systems International’s dividend payout ratio is 42.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price for the company. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised their price objective on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.71.

Institutional Trading of CSG Systems International

A number of institutional investors have recently modified their holdings of CSGS. Independence Bank of Kentucky purchased a new position in CSG Systems International during the 4th quarter valued at about $80,000. TD Private Client Wealth LLC increased its stake in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after buying an additional 586 shares during the period. Quantbot Technologies LP purchased a new position in shares of CSG Systems International during the third quarter valued at approximately $294,000. Handelsbanken Fonder AB raised its holdings in shares of CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its stake in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after acquiring an additional 3,001 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.