Convergys Corp. (NYSE:CVG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $30.36 and last traded at $30.17, with a volume of 125,756 shares traded. The stock had previously closed at $29.96.

A number of brokerages have recently issued reports on CVG. Zacks Investment Research raised shares of Convergys Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, August 10th. Citigroup Inc. lifted their price objective on shares of Convergys Corp. from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Sidoti raised shares of Convergys Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Convergys Corp. in a research report on Monday, May 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.00.

The firm has a 50 day moving average of $28.16 and a 200-day moving average of $27.02. The company has a market cap of $2.91 billion and a P/E ratio of 17.73.

Convergys Corp. (NYSE:CVG) last issued its earnings results on Monday, August 8th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. During the same period last year, the business earned $0.33 EPS. The firm earned $692.30 million during the quarter, compared to analyst estimates of $695.78 million. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, analysts expect that Convergys Corp. will post $1.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 23rd will be issued a $0.09 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $0.36 annualized dividend and a yield of 1.20%.

In related news, Director Jeffrey H. Fox sold 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $29.55, for a total value of $1,920,750.00. Following the sale, the director now owns 338,610 shares of the company’s stock, valued at $10,005,925.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey H. Fox sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $29.96, for a total transaction of $299,600.00. Following the completion of the sale, the director now directly owns 318,610 shares in the company, valued at approximately $9,545,555.60. The disclosure for this sale can be found here.

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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