CSG Systems International, Inc. (NASDAQ:CSGS), saw one of its insiders make a move that resulted in the lowering of his exposure to the company. Executive Vice President and Chief Financial Officer Randy Wiese sold 1,500 shares of common stock at an average price of $27.33 per share, and now has total of 163,829 shares directly invested into the corporation. This is not his first move of this sort, as Wiese has disposed of over 10,000 shares over the last two months.
In addition, CSG Systems International, Inc. (NASDAQ:CSGS) is a $936.8 million market cap company that is a business support solutions provider primarily serving the communications industry.
Moreover, there are multiple hedge funds involved with the company. However, Billionaire Jim Simons‘ Renaissance Technologies substantially holds the most stock in the company out of any outside investors. The fund reported a 6% increase in its activity over the course of the last fiscal quarter, and now has a total of about 1.97 million shares worth approximately $51.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.