CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper Sells 9,000 Shares of Stock

CSG Systems International, Inc. (NASDAQ:CSGS) Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now owns 41,561 shares of the company’s stock, valued at approximately $2,768,793.82. This trade represents a 17.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $64.14 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $67.60. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average of $56.82 and a 200-day moving average of $52.30.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. Analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. CSG Systems International’s payout ratio is presently 42.11%.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi grew its holdings in shares of CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company’s stock valued at $910,000 after acquiring an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after acquiring an additional 302 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares in the last quarter. Willis Investment Counsel grew its holdings in shares of CSG Systems International by 4.3% during the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after acquiring an additional 668 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of CSG Systems International by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 17,809 shares of the technology company’s stock valued at $910,000 after acquiring an additional 1,066 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Analysts Set New Price Targets

CSGS has been the subject of several research reports. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Northland Securities reissued an “outperform” rating and issued a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Royal Bank of Canada raised their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International currently has an average rating of “Moderate Buy” and an average price target of $71.71.

About CSG Systems International

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.