Convergys Corp. (NYSE:CVG)’s share price shot up 2% on Wednesday . The company traded as high as $26.61 and last traded at $26.59, with a volume of 182,882 shares traded. The stock had previously closed at $26.06.

A number of brokerages recently weighed in on CVG. Sidoti upgraded shares of Convergys Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Zacks Investment Research lowered shares of Convergys Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Robert W. Baird restated a “hold” rating on shares of Convergys Corp. in a research report on Monday, May 16th.

The company’s 50-day moving average is $26.58 and its 200-day moving average is $25.97. The firm has a market capitalization of $2.56 billion and a price-to-earnings ratio of 15.96.

Convergys Corp. (NYSE:CVG) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $722.20 million for the quarter, compared to analysts’ expectations of $730.63 million. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities research analysts forecast that Convergys Corp. will post $1.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 24th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Convergys Corp.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, June 22nd.

In other Convergys Corp. news, Director Jeffrey H. Fox sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $27.84, for a total transaction of $278,400.00. Following the completion of the transaction, the director now directly owns 358,610 shares of the company’s stock, valued at approximately $9,983,702.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey H. Fox sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $28.14, for a total transaction of $422,100.00. Following the transaction, the director now directly owns 348,610 shares of the company’s stock, valued at $9,809,885.40. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in Convergys Corp. by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 69,796 shares of the company’s stock worth $1,737,000 after buying an additional 1,039 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in Convergys Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 63,350 shares of the company’s stock worth $1,577,000 after buying an additional 21,508 shares in the last quarter. New Amsterdam Partners LLC NY acquired a new position in Convergys Corp. during the fourth quarter worth about $9,135,000. Boston Partners raised its position in Convergys Corp. by 5.1% in the fourth quarter. Boston Partners now owns 460,991 shares of the company’s stock worth $11,474,000 after buying an additional 22,341 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Convergys Corp. by 1.9% in the fourth quarter. New York State Common Retirement Fund now owns 91,900 shares of the company’s stock worth $2,287,000 after buying an additional 1,700 shares in the last quarter.

Convergys Corporation is engaged in providing customer management services. The Company’s primary focus is on growth with multinational corporations and other companies in communications and media, financial services, technology, healthcare, retail and other vertical markets. Its segments include North America and Rest of World.

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