Convergys Corp. (NYSE:CVG) shares reached 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 trading hands. The stock had previously closed at $29.96.

CVG has been the topic of a number of recent research reports. Zacks Investment Research raised Convergys Corp. from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, May 12th. Citigroup Inc. boosted their target price on Convergys Corp. from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Robert W. Baird reissued a “hold” rating on shares of Convergys Corp. in a report on Monday, May 16th. Finally, Sidoti raised Convergys Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.00.

The company has a market cap of $2.91 billion and a price-to-earnings ratio of 17.74. The stock’s 50-day moving average price is $28.26 and its 200-day moving average price is $27.04.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 21st. This represents a $0.36 dividend on an annualized basis and a yield of 1.19%.

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, August 24th. The stock was sold at an average price of $29.82, for a total transaction of $298,200.00. Following the completion of the sale, the director now owns 318,610 shares in the company, valued at approximately $9,500,950.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 approximately $10,005,925.50. 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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