CSG Systems International (NASDAQ:CSGS) Receiving Somewhat Favorable Media Coverage, Study Finds
Media coverage about CSG Systems International (NASDAQ:CSGS) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CSG Systems International earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.1238986067425 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities analysts have recently weighed in on CSGS shares. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, May 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 target price on shares of CSG Systems International in a report on Monday, July 10th. Finally, BidaskClub downgraded CSG Systems International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.
CSG Systems International (NASDAQ:CSGS) opened at 37.61 on Friday. The stock has a 50 day moving average price of $40.73 and a 200-day moving average price of $39.88. CSG Systems International has a one year low of $35.48 and a one year high of $51.34. The firm has a market cap of $1.22 billion, a P/E ratio of 19.79 and a beta of 1.09.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $194.58 million. CSG Systems International had a return on equity of 15.01% and a net margin of 6.01%. CSG Systems International’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Analysts predict that CSG Systems International will post $2.52 EPS for the current fiscal year.
In related news, Director Frank V. Sica sold 3,000 shares of CSG Systems International stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $37.70, for a total value of $113,100.00. Following the sale, the director now owns 21,550 shares of the company’s stock, valued at approximately $812,435. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donald Reed sold 5,000 shares of CSG Systems International stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $41.53, for a total value of $207,650.00. Following the completion of the sale, the director now directly owns 40,868 shares in the company, valued at approximately $1,697,248.04. The disclosure for this sale can be found here. In the last three months, insiders sold 9,099 shares of company stock worth $363,688. 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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