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Csg Systems director Ronald Cooper sells $599,580 in stock

Published 28/02/2025, 02:38
Csg Systems director Ronald Cooper sells $599,580 in stock
CSGS
-1.93%

On February 25, Ronald Cooper, a director at CSG Systems International Inc. (NASDAQ:CSGS), a $1.76 billion market cap company that has seen an impressive 33.8% surge over the past six months, sold 9,000 shares of the company’s common stock. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $67.60. The shares were sold at a weighted average price of $66.62, amounting to a total transaction value of $599,580. Following this sale, Cooper holds 41,561 shares directly.

Additionally, Cooper made a gift of 1,000 shares on the same day. This transaction, classified as a charitable donation, did not involve a market sale, and thus no price was reported. After this donation, Cooper’s direct ownership stands at 40,561 shares.

In other recent news, CSG Systems International Inc. has announced an increase in its quarterly dividend by 7%, setting the new dividend at $0.32 per share. This decision reflects the company’s ongoing commitment to shareholder value and confidence in its financial stability. Additionally, Jefferies has raised its price target for CSG Systems to $75, maintaining a Buy rating, highlighting the company’s strategic expansion efforts and market positioning. This adjustment suggests a positive outlook for CSG Systems’ growth potential, based on Jefferies’ analysis.

Meanwhile, Stifel continues to support a Buy rating with a $60 price target amid reports of NEC Corporation’s potential acquisition interest. These discussions are in preliminary stages, with analysts noting possible strategic benefits for NEC due to CSG Systems’ higher profit margins. Stifel analysts also indicated that they do not anticipate significant regulatory hurdles should the acquisition proceed. These developments underscore the market’s interest in CSG Systems as it navigates potential strategic shifts and financial commitments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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