Insider Sale at CSG Systems International Inc (CSGS): Randy Wiese Sells $41,070 of Shares


Randy Wiese, Executive Vice President and Chief Financial Officer at CSG Systems International Inc (NASDAQ:CSGS), sold last September 4th through an open market transaction 1,500 shares. These were sold at a price of $27.38 each, for a total value $41,070. Following the filing, Mr. Wiese directly owns 165,329 shares. Since this year’s August, he has consistently been sellings stock of this 944.86 million company.

On the contrary, CSG Systems International Inc (NASDAQ:CSGS)’s major hedge fund investors on record have decided to increase their stake in this business support solutions provider primarily serving the communications industry. Jim Simons’ Renaissance Technologies –owner of over 1.9 million shares- has done so by 6% , while Martin Whitman’s fund, Third Avenue Management –owner of over 1.13 million shares- by a 10%. Also, less big hedge fund investor Peter Rathjens, Bruce Clark and John Campbell’s Arrowstreet Capital –owner of 334,243 shares- has increased its participation in CSG Systems International Inc (NASDAQ:CSGS) by 4%.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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