Convergys Corporation (NYSE:CVG) Director Jeffrey H. Fox sold 43,609 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the transaction, the director now owns 338,804 shares in the company, valued at $7,972,058.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Convergys Corporation (NYSE:CVG) traded down 0.17% during mid-day trading on Thursday, reaching $23.65. 276,469 shares of the company’s stock traded hands. The firm has a market cap of $2.21 billion, a PE ratio of 16.70 and a beta of 1.03. Convergys Corporation has a 1-year low of $20.15 and a 1-year high of $30.76. The firm has a 50 day moving average of $23.61 and a 200 day moving average of $23.05.

Convergys Corporation (NYSE:CVG) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Convergys Corporation had a net margin of 4.90% and a return on equity of 14.46%. The firm had revenue of $686.80 million for the quarter, compared to the consensus estimate of $687.91 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Convergys Corporation will post $1.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. Convergys Corporation’s dividend payout ratio is currently 28.37%.

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Hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC grew its stake in shares of Convergys Corporation by 7.2% in the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 336 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of Convergys Corporation by 7.2% in the first quarter. Neuburgh Advisers LLC now owns 6,052 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 408 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Convergys Corporation by 53.9% in the first quarter. Victory Capital Management Inc. now owns 6,373 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 2,233 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Convergys Corporation by 17.8% in the second quarter. LS Investment Advisors LLC now owns 7,453 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Convergys Corporation by 71.0% in the second quarter. Riverhead Capital Management LLC now owns 7,525 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

CVG has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. ValuEngine lowered shares of Convergys Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Convergys Corporation from a “c+” rating to a “b-” rating in a research note on Tuesday, May 23rd. Finally, BidaskClub upgraded shares of Convergys Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Convergys Corporation currently has an average rating of “Hold” and an average target price of $33.00.

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.

Insider Buying and Selling by Quarter for Convergys Corporation (NYSE:CVG)

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