CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper sold 5,000 shares of CSG Systems International stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $44.72, for a total transaction of $223,600.00. Following the transaction, the director now directly owns 29,768 shares in the company, valued at $1,331,224.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CSG Systems International, Inc. (NASDAQ CSGS) opened at $45.96 on Wednesday. The firm has a market cap of $1,496.15, a P/E ratio of 22.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.56 and a current ratio of 2.56. CSG Systems International, Inc. has a 12-month low of $35.48 and a 12-month high of $51.34.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $199.20 million for the quarter, compared to analysts’ expectations of $194.67 million. CSG Systems International had a net margin of 7.57% and a return on equity of 22.11%. CSG Systems International’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. equities research analysts predict that CSG Systems International, Inc. will post 2.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.1975 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.79 dividend on an annualized basis and a yield of 1.72%. CSG Systems International’s dividend payout ratio (DPR) is 44.13%.

A number of hedge funds have recently made changes to their positions in the business. LSV Asset Management lifted its position in shares of CSG Systems International by 1.3% during the second quarter. LSV Asset Management now owns 1,429,188 shares of the technology company’s stock worth $57,996,000 after purchasing an additional 18,600 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of CSG Systems International by 4.1% during the third quarter. Bank of New York Mellon Corp now owns 1,012,238 shares of the technology company’s stock worth $40,590,000 after purchasing an additional 40,256 shares in the last quarter. State Street Corp lifted its position in shares of CSG Systems International by 12.1% during the second quarter. State Street Corp now owns 872,146 shares of the technology company’s stock worth $35,389,000 after purchasing an additional 94,287 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of CSG Systems International by 88.8% during the third quarter. Schroder Investment Management Group now owns 515,348 shares of the technology company’s stock worth $20,562,000 after purchasing an additional 242,403 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of CSG Systems International by 359.2% during the second quarter. Teachers Advisors LLC now owns 338,291 shares of the technology company’s stock worth $13,728,000 after purchasing an additional 264,627 shares in the last quarter. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of CSG Systems International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price target on shares of CSG Systems International in a research report on Friday, November 3rd.

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About CSG Systems International

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.

Insider Buying and Selling by Quarter for CSG Systems International (NASDAQ:CSGS)

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