CSG Systems International, Inc. provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc. to the North American cable and satellite markets. The company also provides managed services; and professional services to implement, configure, and maintain its solutions, as well as licenses various solutions, such as mediation, partner management, rating, and charging. It serves retail, financial services, healthcare, insurance, and government entities. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.
Analysts Set New Price Targets
CSGS has been the topic of several recent research reports. TheStreet downgraded shares of CSG Systems International from a "b" rating to a "c+" rating in a research note on Tuesday, June 28th. StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 21st.
CSG Systems International Stock Performance
Shares of CSGS opened at $56.30 on Tuesday. The company has a 50-day simple moving average of $60.19 and a 200-day simple moving average of $60.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.83 billion, a PE ratio of 40.21 and a beta of 0.78. CSG Systems International has a 52-week low of $45.23 and a 52-week high of $66.58.
CSG Systems International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Thursday, June 16th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, June 15th. This represents a $1.06 annualized dividend and a dividend yield of 1.88%. CSG Systems International's dividend payout ratio is currently 75.71%.
Insider Buying and Selling
In related news, COO Kenneth M. Kennedy sold 9,885 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $58.06, for a total value of $573,923.10. Following the sale, the chief operating officer now directly owns 165,274 shares of the company's stock, valued at $9,595,808.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.35% of the company's stock.