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

Several equities analysts have issued reports on the stock. Sidoti upgraded shares of Convergys Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded shares of Convergys Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday, May 12th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Convergys Corp. in a research note on Monday, May 16th.

The firm has a market cap of $2.55 billion and a PE ratio of 15.89. The firm has a 50-day moving average of $26.50 and a 200 day moving average of $25.98.

Convergys Corp. (NYSE:CVG) last released 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 firm had revenue of $722.20 million for the quarter, compared to analysts’ expectations of $730.63 million. During the same quarter in the prior year, the business earned $0.47 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Convergys Corp. will post $1.89 earnings per share for the current fiscal year.

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

In related news, 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 owns 348,610 shares in the company, valued at approximately $9,809,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey H. Fox sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $27.84, for a total value of $278,400.00. Following the transaction, the director now owns 358,610 shares in the company, valued at approximately $9,983,702.40. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in CVG. US Bancorp DE increased its position in Convergys Corp. by 0.9% in the fourth quarter. US Bancorp DE now owns 63,129 shares of the company’s stock worth $1,571,000 after buying an additional 592 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased 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. Mutual of America Capital Management LLC increased 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. New York State Common Retirement Fund increased 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. Finally, Sei Investments Co. increased its position in Convergys Corp. by 11.3% in the fourth quarter. Sei Investments Co. now owns 106,694 shares of the company’s stock worth $2,656,000 after buying an additional 10,828 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.