Shares of Convergys Corporation (NYSE:CVG) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

CVG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Convergys Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. TheStreet upgraded shares of Convergys Corporation from a “c+” rating to a “b-” rating in a research report on Tuesday, May 23rd. ValuEngine cut shares of Convergys Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

Shares of Convergys Corporation (NYSE:CVG) opened at 22.92 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.19 and a beta of 1.04. Convergys Corporation has a 12-month low of $20.15 and a 12-month high of $30.92. The firm’s 50-day moving average is $23.80 and its 200-day moving average is $23.19.

Convergys Corporation (NYSE:CVG) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $686.80 million for the quarter, compared to the consensus estimate of $687.91 million. Convergys Corporation had a net margin of 4.90% and a return on equity of 14.46%. Convergys Corporation’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Convergys Corporation will post $1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, September 21st. Convergys Corporation’s payout ratio is currently 28.37%.

In other Convergys Corporation news, insider Taylor C. Greenwald sold 6,412 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $24.24, for a total transaction of $155,426.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey H. Fox sold 10,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $24.84, for a total transaction of $248,400.00. The disclosure for this sale can be found here. Insiders have sold 26,412 shares of company stock worth $639,027 over the last quarter. Company insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CVG. Teachers Advisors LLC boosted its position in shares of Convergys Corporation by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 157,749 shares of the business services provider’s stock worth $3,874,000 after buying an additional 9,015 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Convergys Corporation by 333.5% in the first quarter. Bank of Montreal Can now owns 973,688 shares of the business services provider’s stock worth $20,594,000 after buying an additional 749,097 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Convergys Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the business services provider’s stock worth $505,000 after buying an additional 300 shares during the last quarter. Clark Estates Inc. NY acquired a new position in shares of Convergys Corporation during the first quarter worth approximately $2,623,000. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Convergys Corporation by 12.0% in the first quarter. First Citizens Bank & Trust Co. now owns 13,340 shares of the business services provider’s stock worth $282,000 after buying an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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About Convergys Corporation

Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.

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