CSG Has Acquired iCheckGateway.com, ("iCG Pay") For $17M; iCG Pay Has Historically Delivered Double-Digit Organic Revenue Growth With 2023 Total Revenue Less Transaction Fees Of ~$9.5M

6/3/24 4:08:08 PM ET

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CSG® (NASDAQ:CSGS) today announced it has acquired iCheckGateway.com, LLC ("iCG Pay"), a North American ACH and credit card payment processing company. Management expects this acquisition to be accretive to CSG's 2024 profitability.

iCG Pay has historically delivered double-digit organic revenue growth with 2023 total revenue less transaction fees of approximately $9.5 million. CSG paid an upfront purchase price of $17 million1.

1 There are additional earn-out amounts tied to performance goals.

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Recent Analyst Ratings for
$CSGS

Date	Price Target	Rating	Analyst
3/27/2024	$61.00	Outperform	RBC Capital Mkts
12/1/2023	$60.00	Buy	Jefferies
11/9/2023	$49.00	Equal Weight	Wells Fargo
8/3/2023	$56.00 → $60.00	Hold → Buy	Stifel
6/21/2023	$82.00	Outperform	Northland Capital
4/4/2023	$65.00	Overweight	Cantor Fitzgerald
3/9/2023	$60.00	Hold	Stifel
11/22/2022	$75.00	Outperform	Oppenheimer

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$CSGS
Financials

Live finance-specific insights

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CSG® (NASDAQ:CSGS) today announced that its Board of Directors approved the Company's quarterly cash dividend payment of $0.30 per share of common stock to be paid on January 3, 2025 for shareholders of record as of the close of business on December 18, 2024. About CSG CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future and tap into guidance along the way from our fiercely committed and for
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CSG Systems International to Hold Third Quarter 2024 Earnings Conference Call on November 6
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CSG Systems International Approves Quarterly Dividend
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Evaluation allows CSG to measure and enhance business practices that positively impact the environment and society CSG® (NASDAQ:CSGS) today announced the successful completion of its inaugural double materiality assessment as a critical step to enhance its environmental, social and governance (ESG) practice and further inform its sustainability strategy. This comprehensive evaluation allows CSG to better understand the impacts, risks and opportunities of key ESG topics, including greenhouse gas (GHG) emissions, employee wellbeing, customer data privacy and business ethics, based on both financial and impact materiality. "To do business the right way and deepen our impact, our decisions
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Saurabh Joshi Joins CSG as President of Payments
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CSG Has Acquired iCheckGateway.com, ("iCG Pay") For $17M; iCG Pay Has Historically Delivered Double-Digit Organic Revenue Growth With 2023 Total Revenue Less Transaction Fees Of ~$9.5M

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Recent Analyst Ratings for $CSGS

$CSGS Analyst Ratings

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RBC Capital Mkts initiated coverage on CSG Systems with a new price target

Jefferies initiated coverage on CSG Systems with a new price target

Wells Fargo initiated coverage on CSG Systems with a new price target

$CSGS Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Tran Hai bought $100 worth of shares (2 units at $43.81), increasing direct ownership by 0.00% to 107,517 units (SEC Form 4)

Woods Michael Joseph bought $500 worth of shares (11 units at $43.81), increasing direct ownership by 0.07% to 16,559 units (SEC Form 4)

Woods Michael Joseph covered exercise/tax liability with 1,066 shares, was granted 13,078 shares and bought $1,000 worth of shares (22 units at $46.38), increasing direct ownership by 267% to 16,547 units (SEC Form 4)

$CSGS Financials

Live finance-specific insights

CSG Systems International Approves Quarterly Dividend

CSG Systems International Reports Third Quarter 2024 Results

CSG Systems International to Hold Third Quarter 2024 Earnings Conference Call on November 6

$CSGS Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SVP, Chief Accounting Officer Szwanek Lori covered exercise/tax liability with 570 shares, decreasing direct ownership by 5% to 11,524 units (SEC Form 4)

EVP, General Counsel Bhattacharya Rasmani covered exercise/tax liability with 268 shares, decreasing direct ownership by 0.56% to 47,632 units (SEC Form 4)

EVP, Chief Experience Officer Bauer Elizabeth A covered exercise/tax liability with 280 shares, decreasing direct ownership by 0.34% to 81,352 units (SEC Form 4)

$CSGS Press Releases

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CSG Systems International Approves Quarterly Dividend

CSG Completes Inaugural Double Materiality Assessment for ESG Reporting

Saurabh Joshi Joins CSG as President of Payments

$CSGS SEC Filings

SEC Form 10-Q filed by CSG Systems International Inc.

CSG Systems International Inc. filed SEC Form 8-K: Results of Operations and Financial Condition

CSG Systems International Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

$CSGS Market Insights

Live Market Insights

Telenor Denmark Adopts CSG's Cloud Platforms to Boost Customer Experience

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$CSGS Large Ownership Changes

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SEC Form SC 13G/A filed by CSG Systems International Inc. (Amendment)

SEC Form SC 13G/A filed by CSG Systems International Inc. (Amendment)

SEC Form SC 13G/A filed by CSG Systems International Inc. (Amendment)

$CSGS Leadership Updates

Live Leadership Updates

CSG Appoints Finance Veteran Samantha Greenberg to Board of Directors

Recent Analyst Ratings for
$CSGS

$CSGS
Analyst Ratings

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$CSGS
Insider Trading

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SEC Filings

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Large Ownership Changes

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Leadership Updates