Somewhat Critical News Coverage Likely to Impact CSG Systems International (CSGS) Stock Price
News articles about CSG Systems International (NASDAQ:CSGS) have been trending somewhat negative this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CSG Systems International earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 72 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 1.17% during mid-day trading on Friday, hitting $40.78. The stock had a trading volume of 9,505 shares. The stock has a 50 day moving average of $40.13 and a 200-day moving average of $41.85. The stock has a market capitalization of $1.32 billion, a P/E ratio of 21.75 and a beta of 1.09. CSG Systems International has a 52 week low of $35.48 and a 52 week high of $51.34.
CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $192.50 million for the quarter, compared to the consensus estimate of $192 million. CSG Systems International had a return on equity of 27.58% and a net margin of 8.03%. CSG Systems International’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, equities research analysts predict that CSG Systems International will post $2.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.1975 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.96%. CSG Systems International’s dividend payout ratio (DPR) is currently 42.02%.
Separately, Zacks Investment Research lowered CSG Systems International from a “buy” rating to a “hold” rating in a report on Monday, June 5th.
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In other news, Director Donald Reed sold 5,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $41.53, for a total transaction of $207,650.00. Following the transaction, the director now owns 40,868 shares in the company, valued at $1,697,248.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth M. Kennedy sold 3,891 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $39.10, for a total value of $152,138.10. Following the transaction, the executive vice president now owns 49,609 shares in the company, valued at approximately $1,939,711.90. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by company 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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