Convergys Corp (NYSE:CVG) CEO Andrea J. Ayers sold 30,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $24.15, for a total transaction of $724,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Convergys Corp (CVG) opened at $23.58 on Friday. The company has a market cap of $2,179.07, a price-to-earnings ratio of 12.61, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.60 and a current ratio of 2.60. Convergys Corp has a fifty-two week low of $20.15 and a fifty-two week high of $26.66.

Convergys (NYSE:CVG) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Convergys had a return on equity of 13.92% and a net margin of 4.54%. The business had revenue of $688.30 million for the quarter, compared to analyst estimates of $692.34 million. During the same quarter last year, the firm posted $0.46 EPS. Convergys’s revenue for the quarter was down 7.1% on a year-over-year basis. research analysts forecast that Convergys Corp will post 1.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 21st. Convergys’s dividend payout ratio is presently 30.77%.

Several research analysts have recently commented on CVG shares. BidaskClub raised shares of Convergys from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Robert W. Baird reaffirmed a “hold” rating on shares of Convergys in a report on Sunday, September 17th. SunTrust Banks reiterated a “hold” rating and set a $26.00 price target on shares of Convergys in a research report on Monday, October 9th. Barrington Research began coverage on shares of Convergys in a research report on Tuesday, October 17th. They set a “market perform” rating on the stock. Finally, Citigroup reduced their price target on shares of Convergys from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Convergys by 6.8% in the second quarter. Vanguard Group Inc. now owns 7,866,455 shares of the business services provider’s stock valued at $187,064,000 after purchasing an additional 503,693 shares in the last quarter. LSV Asset Management increased its stake in Convergys by 3.0% in the second quarter. LSV Asset Management now owns 4,604,891 shares of the business services provider’s stock valued at $109,504,000 after purchasing an additional 132,200 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Convergys by 21.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,699,927 shares of the business services provider’s stock valued at $87,985,000 after purchasing an additional 643,000 shares in the last quarter. Northern Trust Corp increased its stake in Convergys by 1.6% in the second quarter. Northern Trust Corp now owns 3,599,474 shares of the business services provider’s stock valued at $85,596,000 after purchasing an additional 57,522 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Convergys by 5.2% during the second quarter. State Street Corp now owns 3,346,311 shares of the business services provider’s stock valued at $79,577,000 after buying an additional 164,978 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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Convergys 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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