CSG Systems International (CSGS) Earning Somewhat Negative Media Coverage, Report Finds

Media coverage about CSG Systems International (NASDAQ:CSGS) has trended somewhat negative this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSG Systems International earned a media sentiment score of 0.00 on AlphaOne’s scale. AlphaOne also assigned media stories about the technology company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted AlphaOne’s scoring:

Insider Buying and Selling by Quarter for CSG Systems International (NASDAQ:CSGS)

Separately, Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Friday.

Shares of CSG Systems International (NASDAQ CSGS) traded down 1.65% during mid-day trading on Friday, hitting $40.57. 501,449 shares of the stock were exchanged. The stock has a 50-day moving average price of $39.97 and a 200 day moving average price of $41.95. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 21.64 and a beta of 1.09. CSG Systems International has a 52-week low of $35.48 and a 52-week high of $51.34.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.08. CSG Systems International had a net margin of 8.03% and a return on equity of 27.58%. The firm had revenue of $192.50 million during the quarter, compared to analysts’ expectations of $192 million. During the same quarter in the prior year, the firm posted $0.77 EPS. CSG Systems International’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that CSG Systems International will post $2.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, June 5th. CSG Systems International’s dividend payout ratio is currently 42.02%.

In other news, EVP Kenneth M. Kennedy sold 3,891 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $39.10, for a total transaction of $152,138.10. Following the completion of the sale, the executive vice president now owns 49,609 shares in the company, valued at $1,939,711.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Randy Wiese sold 26,226 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $38.48, for a total value of $1,009,176.48. Following the sale, the chief financial officer now owns 127,724 shares of the company’s stock, valued at approximately $4,914,819.52. The disclosure for this sale can be found here. Insiders have sold 35,117 shares of company stock valued at $1,368,965 in the last 90 days. Company insiders own 2.57% of the company’s stock.

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CSG Systems International Company Profile

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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