CSG Systems International, Inc. (NASDAQ:CSGS) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Stockholders of record on Wednesday, March 14th will be given a dividend of 0.21 per share by the technology company on Thursday, March 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, March 13th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20.
CSG Systems International (CSGS) opened at $47.00 on Monday. CSG Systems International has a fifty-two week low of $35.48 and a fifty-two week high of $48.82. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1,571.65, a PE ratio of 22.49 and a beta of 0.95.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.03). CSG Systems International had a return on equity of 21.47% and a net margin of 7.77%. The firm had revenue of $205.20 million during the quarter, compared to analysts’ expectations of $199.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. CSG Systems International’s revenue for the quarter was up 5.1% compared to the same quarter last year. research analysts anticipate that CSG Systems International will post 2.41 earnings per share for the current fiscal year.
In other news, CFO Randy Wiese sold 13,659 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $46.53, for a total value of $635,553.27. Following the completion of the sale, the chief financial officer now owns 84,746 shares of the company’s stock, valued at approximately $3,943,231.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bret C. Griess sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $48.42, for a total value of $968,400.00. Following the completion of the sale, the chief executive officer now directly owns 242,690 shares of the company’s stock, valued at approximately $11,751,049.80. The disclosure for this sale can be found here. In the last three months, insiders sold 55,192 shares of company stock valued at $2,596,661. 2.57% of the stock is currently owned by corporate insiders.
CSGS has been the subject of a number of research reports. Zacks Investment Research cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub lowered CSG Systems International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Stifel Nicolaus boosted their target price on CSG Systems International from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, ValuEngine raised CSG Systems International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
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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.
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