Convergys Corp. (NYSE:CVG) saw strong trading volume on Monday . 444,412 shares traded hands during trading, a decline of 2% from the previous session’s volume of 452,834 shares.The stock last traded at $26.60 and had previously closed at $26.67.

Several analysts recently weighed in on the company. Sidoti upgraded Convergys Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Robert W. Baird reaffirmed a “hold” rating on shares of Convergys Corp. in a research report on Monday, May 16th. Finally, Zacks Investment Research raised Convergys Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Thursday, May 12th.

The company’s 50-day moving average is $26.24 and its 200 day moving average is $26.09. The firm has a market cap of $2.57 billion and a P/E ratio of 15.97.

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

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

In other news, Director Jeffrey H. Fox sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was 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 SEC, which is available at this hyperlink. Also, Director Jeffrey H. Fox sold 15,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $28.14, for a total value 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.

Several hedge funds have recently bought and sold shares of CVG. Fiduciary Management Associates LLC increased its stake in Convergys Corp. by 27.6% in the fourth quarter. Fiduciary Management Associates LLC now owns 914,001 shares of the company’s stock valued at $22,752,000 after buying an additional 197,601 shares during the last quarter. Boston Partners increased its stake in Convergys Corp. by 5.1% in the fourth quarter. Boston Partners now owns 460,991 shares of the company’s stock valued at $11,474,000 after buying an additional 22,341 shares during the last quarter. California Public Employees Retirement System increased its stake in Convergys Corp. by 8.2% in the fourth quarter. California Public Employees Retirement System now owns 404,663 shares of the company’s stock valued at $10,072,000 after buying an additional 30,500 shares during the last quarter. Bank of Montreal Can increased its stake in Convergys Corp. by 116.9% in the fourth quarter. Bank of Montreal Can now owns 374,297 shares of the company’s stock valued at $9,316,000 after buying an additional 201,709 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Convergys Corp. by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 314,542 shares of the company’s stock valued at $7,829,000 after buying an additional 7,112 shares during 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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