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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) Director Ronald Cooper sold 9,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the completion of the sale, the director now owns 41,561 shares of the company's stock, valued at approximately $2,768,793.82. This represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded up $0.02 during midday trading on Monday, reaching $64.32. The company had a trading volume of 428,582 shares, compared to its average volume of 240,753. CSG Systems International, Inc. has a 52-week low of $39.56 and a 52-week high of $67.60. The company's 50 day moving average price is $57.08 and its 200 day moving average price is $52.51. 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 stock has a market cap of $1.85 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.68 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its 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 net margin of 7.25% and a return on equity of 39.42%. As a group, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.32 dividend. 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 annualized dividend and a yield of 1.99%. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Trust Walden Corp raised its stake in shares of CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock valued at $54,457,000 after purchasing an additional 88,216 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of CSG Systems International in the fourth quarter valued at approximately $4,222,000. Dean Investment Associates LLC grew its stake in CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after acquiring an additional 64,066 shares in the last quarter. Advisors Preferred LLC bought a new stake in CSG Systems International during the 4th quarter worth approximately $1,300,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of CSG Systems International in the fourth quarter worth $925,000. Institutional investors own 91.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on CSG Systems International in a research note on Friday, February 21st. They issued a "buy" rating and a $75.00 price objective for the company. Cantor Fitzgerald lifted their target price on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.