CSG Systems International (CSGS) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $49 . Stifel advised their investors in a research report released on Sep 22, 2016.
On the company’s financial health, CSG Systems International reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.62. The company had revenue of $190.30 million for the quarter, compared to analysts expectations of $185.50 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
CSG Systems International opened for trading at $42.6 and hit $43.45 on the upside on Tuesday, eventually ending the session at $42.84, with a gain of 1.11% or 0.47 points. The heightened volatility saw the trading volume jump to 1,44,718 shares. Company has a market cap of $1,386 M.
In a different news, on Aug 16, 2016, Rolland B Johns (Chief Accounting Officer) sold 1,099 shares at $40.31 per share price. According to the SEC, on Jun 1, 2016, Kenneth M Kennedy (EVP Product Development) sold 4,000 shares at $42.58 per share price. On May 12, 2016, Joseph Thomas Ruble (EVP, Gen Counsel, Sectry & CAO) sold 13,977 shares at $42.13 per share price, according to the Form-4 filing with the securities and exchange commission.
CSG Systems International Inc. (CSG) is a provider of business support solutions primarily to the communications industry. The Company’s solutions coordinate and manage many aspects of a service provider’s customer interactions from the initial activation of customer accounts to the support of various service activities and through the presentment collection and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing convergent rating and billing mediation and data management wholesale settlement and routing customer interaction management business intelligence and content management and monetization.