December 1, 2016 - By Winifred Garcia · 0 Comments
Convergys Corp (NYSE:CVG) institutional sentiment decreased to 1.01 in Q2 2016. Its down -0.03, from 1.04 in 2016Q1. The ratio turned negative, as 114 investment managers increased or opened new stock positions, while 110 reduced and sold equity positions in Convergys Corp. The investment managers in our partner’s database reported: 93.12 million shares, down from 100.05 million shares in 2016Q1. Also, the number of investment managers holding Convergys Corp in their top 10 stock positions increased from 4 to 5 for an increase of 1. Sold All: 15 Reduced: 95 Increased: 81 New Position: 33.
Convergys Corporation is engaged in providing customer management services. The company has a market cap of $2.42 billion. The Company’s primary focus is on growth with multinational firms and other companies in communications and media, financial services, technology, healthcare, retail and other vertical markets. It has a 16.95 P/E ratio. The Company’s divisions include North America and Rest of World.
Convergys Corp (NYSE:CVG) has declined 3.14% since April 28, 2016 and is downtrending. It has underperformed by 9.07% the S&P500.
Analysts await Convergys Corp (NYSE:CVG) to report earnings on February, 28. They expect $0.48 EPS, down 9.43% or $0.05 from last year’s $0.53 per share. CVG’s profit will be $44.99 million for 13.45 P/E if the $0.48 EPS becomes a reality. After $0.46 actual EPS reported by Convergys Corp for the previous quarter, Wall Street now forecasts 4.35% EPS growth.
According to Zacks Investment Research, “Convergys Corp. is one of the global leaders in the provision of outsourced, integrated billing and customer care services. It focuses on developing long-term strategic relationships with clients in customer-intensive industries including telecommunications, cable, broadband, satellite broadcasting, Internet services, technology and financial services. The company serves its clients through its two operating units: the Information Management Group; and the Customer Management Group.”
Horrell Capital Management Inc. holds 6.03% of its portfolio in Convergys Corp for 350,000 shares. Fort Washington Investment Advisors Inc Oh owns 7.33 million shares or 3.42% of their US portfolio. Moreover, Dean Capital Management has 2.5% invested in the company for 72,862 shares. The Arkansas-based Lathrop Investment Management Corp has invested 2.41% in the stock. New Amsterdam Partners Llc Ny, a New York-based fund reported 378,984 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 insider sales for $4.25 million net activity.
Ratings analysis reveals 0 of Convergys Corp’s analysts are positive. Out of 4 Wall Street analysts rating Convergys Corp, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. CVG was included in 8 notes of analysts from August 14, 2015. On Monday, April 4 the stock rating was downgraded by Sidoti to “Neutral”. As per Wednesday, January 6, the company rating was upgraded by Sidoti. The stock has “Neutral” rating given by Sidoti on Wednesday, October 21. As per Wednesday, August 10, the company rating was maintained by Citigroup. The stock of Convergys Corp (NYSE:CVG) has “Sell” rating given on Wednesday, August 26 by Zacks. The stock of Convergys Corp (NYSE:CVG) earned “Sell” rating by Zacks on Friday, August 14. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”. Wells Fargo downgraded Convergys Corp (NYSE:CVG) on Thursday, February 25 to “Market Perform” rating.
Convergys Corporation (Convergys), incorporated on July 2, 1996, is engaged in providing customer management services. The Company’s primary focus is on growth with multinational firms and other companies in the communications and media, financial services, technology, healthcare, retail and other vertical markets. The Company’s divisions include North America and Rest of World. The Firm operates in approximately 150 locations in over 30 countries. It operates over 130 contact centers in approximately 30 countries. The Firm integrates call center data servers and databases with over two primary data centers in Orlando, Florida, and Cincinnati, Ohio. The Firm provides a range of contact center services delivered through phone, e-mail and chat. It also provides solutions across the customer lifecycle, including sales, customer service, technical support, customer retention and collections.
More important recent Convergys Corp (NYSE:CVG) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on June 09, 2009, also Forbes.com published article titled: “Ex-Dividend Reminder: Convergys, Staples and Starwood Hotels & Resorts Worldwide”, Quotes.Wsj.com published: “Convergys Corp. CVG (US: NYSE)” on February 11, 2011. More interesting news about Convergys Corp (NYSE:CVG) was released by: Businesswire.com and their article: “Convergys to Acquire buw” with publication date: July 06, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Winifred Garcia