Convergys Corp (NYSE:CVG) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.00.

CVG has been the subject of a number of research reports. Zacks Investment Research downgraded Convergys from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and set a $26.00 price target on shares of Convergys in a research report on Monday, October 9th. Citigroup lowered their price target on Convergys from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Barrington Research initiated coverage on Convergys in a research report on Tuesday, October 17th. They set a “market perform” rating for the company. Finally, Robert W. Baird reissued a “hold” rating on shares of Convergys in a research report on Sunday, September 17th.

Shares of Convergys (NYSE:CVG) opened at $24.14 on Friday. Convergys has a 1 year low of $20.15 and a 1 year high of $26.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market capitalization of $2,233.60, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.07.

Convergys (NYSE:CVG) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). Convergys had a net margin of 4.54% and a return on equity of 13.92%. The firm had revenue of $688.30 million for the quarter, compared to analysts’ expectations of $692.34 million. During the same period last year, the firm posted $0.46 EPS. Convergys’s revenue was down 7.1% on a year-over-year basis. equities research analysts forecast that Convergys will post 1.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 21st. Convergys’s dividend payout ratio is presently 30.77%.

In other Convergys news, Director Jeffrey H. Fox sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $23.77, for a total transaction of $594,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $24.15, for a total value of $724,500.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System lifted its stake in shares of Convergys by 10.8% during the third quarter. California Public Employees Retirement System now owns 236,674 shares of the business services provider’s stock worth $6,127,000 after purchasing an additional 22,974 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in shares of Convergys by 15.8% during the third quarter. Vident Investment Advisory LLC now owns 112,227 shares of the business services provider’s stock worth $2,906,000 after purchasing an additional 15,303 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Convergys by 173.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 118,600 shares of the business services provider’s stock worth $3,070,000 after purchasing an additional 75,300 shares in the last quarter. Sirios Capital Management L P lifted its stake in shares of Convergys by 5.5% during the third quarter. Sirios Capital Management L P now owns 517,827 shares of the business services provider’s stock worth $13,406,000 after purchasing an additional 26,771 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Convergys by 13.5% during the third quarter. Stifel Financial Corp now owns 325,141 shares of the business services provider’s stock worth $8,408,000 after purchasing an additional 38,780 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

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Convergys Company Profile

Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.

Analyst Recommendations for Convergys (NYSE:CVG)

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