Convergys Corporation (NYSE:CVG)‘s stock had its “hold” rating reaffirmed by Robert W. Baird in a research report issued to clients and investors on Sunday.

A number of other analysts have also weighed in on CVG. TheStreet upgraded shares of Convergys Corporation from a “c+” rating to a “b-” rating in a research report on Tuesday, May 23rd. ValuEngine lowered shares of Convergys Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.00.

Convergys Corporation (NYSE CVG) opened at 24.62 on Friday. The company has a 50-day moving average of $23.64 and a 200 day moving average of $23.08. Convergys Corporation has a 52-week low of $20.15 and a 52-week high of $30.57. The company has a market cap of $2.30 billion, a PE ratio of 17.39 and a beta of 1.03.

Convergys Corporation (NYSE:CVG) last issued 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. 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 analyst estimates of $687.91 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts predict that Convergys Corporation will post $1.88 EPS for the current year.

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In other news, CFO Andre S. Valentine sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $23.52, for a total transaction of $235,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 338,804 shares of the company’s stock, valued at approximately $7,972,058.12. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Convergys Corporation by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 37,296 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 112 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Convergys Corporation by 0.3% during the first quarter. Mason Street Advisors LLC now owns 44,625 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 114 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Convergys Corporation by 0.4% during the second quarter. Meeder Asset Management Inc. now owns 31,935 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 126 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of Convergys Corporation by 2.0% during the first quarter. Advantus Capital Management Inc now owns 12,094 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 241 shares during the last quarter. Finally, BB&T Corp raised its stake in shares of Convergys Corporation by 0.6% during the second quarter. BB&T Corp now owns 51,243 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 317 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Convergys Corporation Company Profile

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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