CSG Systems International, Inc. (NASDAQ:CSGS) COO Sells $441,540.00 in Stock

CSG Systems International, Inc. (NASDAQ:CSGS – Get Rating) COO Kenneth M. Kennedy sold 9,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $49.06, for a total transaction of $441,540.00. Following the transaction, the chief operating officer now owns 185,466 shares in the company, valued at $9,098,961.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CSG Systems International Stock Up 0.6 %

Shares of NASDAQ CSGS opened at $49.37 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $1.56 billion, a PE ratio of 25.85 and a beta of 0.86. CSG Systems International, Inc. has a one year low of $48.18 and a one year high of $66.58. The business’s fifty day moving average price is $51.89 and its 200-day moving average price is $56.19.

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in shares of CSG Systems International in the fourth quarter valued at approximately $36,000. US Asset Management LLC bought a new stake in CSG Systems International during the 4th quarter valued at $65,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of CSG Systems International during the fourth quarter worth $134,000. Miracle Mile Advisors LLC bought a new position in shares of CSG Systems International in the fourth quarter worth $215,000. Finally, EMC Capital Management grew its position in shares of CSG Systems International by 14.4% in the fourth quarter. EMC Capital Management now owns 3,752 shares of the technology company’s stock valued at $215,000 after purchasing an additional 472 shares in the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSGS has been the topic of several recent analyst reports. Cantor Fitzgerald started coverage on shares of CSG Systems International in a research report on Tuesday, April 4th. They set an “overweight” rating on the stock. Benchmark reissued a “buy” rating and issued a $73.00 price objective on shares of CSG Systems International in a research report on Tuesday, January 31st. StockNews.com started coverage on CSG Systems International in a research report on Thursday. They set a “buy” rating for the company. Finally, Stifel Nicolaus cut their price target on shares of CSG Systems International from $60.00 to $56.00 in a report on Thursday, May 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

About CSG Systems International

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CSG Systems International, Inc is a purpose-driven, SaaS platform company, which engages in providing business support solutions serving the communications industry. It focuses on revenue management and digital monetization, customer experience, and payment solutions providers. The company was founded on October 17, 1994 and is headquartered in Englewood, CO.