Convergys Corp Director Sells $69,221 in Stock (CVG)
Convergys Corp (NYSE:CVG) Director Richard F. Wallman unloaded 6,701 shares of Convergys Corp stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $10.33, for a total value of $69,221.33. Following the sale, the director now directly owns 37,023 shares of the company’s stock, valued at approximately $382,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Convergys Corp (NYSE:CVG) traded down 0.37% on Friday, hitting $18.87. The stock had a trading volume of 57,937 shares. Convergys Corp has a one year low of $17.16 and a one year high of $24.43. The stock’s 50-day moving average is $19.88 and its 200-day moving average is $20.88. The company has a market cap of $1.908 billion and a P/E ratio of 39.79.
Convergys Corp (NYSE:CVG) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $736.00 million for the quarter, compared to the consensus estimate of $732.69 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, analysts predict that Convergys Corp will post $1.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Friday, September 19th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, September 17th.
A number of analysts have recently weighed in on CVG shares. Analysts at Macquarie reiterated a “neutral” rating on shares of Convergys Corp in a research note on Wednesday, August 13th. They now have a $23.00 price target on the stock, down previously from $25.00. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Convergys Corp in a research note on Wednesday, August 13th. They now have a $21.00 price target on the stock, down previously from $23.00. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.33.
Convergys Corporation (NYSE:CVG) is engaged in customer management.