What Next for Convergys Corporation (CVG) Stock After Today’s Huge Increase?

February 15, 2018 - By Vivian Park

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.16, from 0.93 in 2017Q2. It increased, as 19 investors sold Convergys Corporation shares while 79 reduced holdings. 27 funds opened positions while 80 raised stakes. 94.23 million shares or 0.36% more from 93.90 million shares in 2017Q2 were reported.
Panagora Asset Management Incorporated stated it has 0% in Convergys Corporation (NYSE:CVG). Citigroup reported 0% in Convergys Corporation (NYSE:CVG). Paradigm Mngmt New York holds 0.39% of its portfolio in Convergys Corporation (NYSE:CVG) for 175,680 shares. 87,296 are held by First Advisors Ltd Partnership. Verition Fund Mgmt Lc reported 8,516 shares or 0.02% of all its holdings. Ahl Prtnrs Limited Liability Partnership has invested 0.18% in Convergys Corporation (NYSE:CVG). 261,392 were reported by Millennium Lc. Fmr Ltd Liability Co holds 8,200 shares. Retirement System Of Alabama owns 0.02% invested in Convergys Corporation (NYSE:CVG) for 120,358 shares. 23,648 were reported by Bahl Gaynor. Lenox Wealth Mngmt Inc has 10,289 shares for 0.09% of their portfolio. 150,527 are owned by California State Teachers Retirement. Kbc Gru Nv stated it has 181,041 shares or 0.04% of all its holdings. Credit Suisse Ag has 0.07% invested in Convergys Corporation (NYSE:CVG). The California-based Fuller & Thaler Asset Mgmt has invested 1.32% in Convergys Corporation (NYSE:CVG).

Since August 15, 2017, it had 0 insider purchases, and 1 sale for $1.03 million activity. $235,150 worth of Convergys Corporation (NYSE:CVG) was sold by Valentine Andre S on Tuesday, August 15.

The stock of Convergys Corporation (NYSE:CVG) is a huge mover today! The stock increased 5.95% or $1.295 during the last trading session, reaching $23.045. About 2.49 million shares traded or 138.80% up from the average. Convergys Corporation (NYSE:CVG) has declined 10.85% since February 15, 2017 and is downtrending. It has underperformed by 27.55% the S&P500.
The move comes after 9 months positive chart setup for the $2.13B company. It was reported on Feb, 15 by Barchart.com. We have $23.97 PT which if reached, will make NYSE:CVG worth $85.20M more.

Analysts await Convergys Corporation (NYSE:CVG) to report earnings on February, 28. They expect $0.45 EPS, down 4.26 % or $0.02 from last year’s $0.47 per share. CVG’s profit will be $41.59 million for 12.80 P/E if the $0.45 EPS becomes a reality. After $0.42 actual EPS reported by Convergys Corporation for the previous quarter, Wall Street now forecasts 7.14 % EPS growth.

Convergys Corporation (NYSE:CVG) Ratings Coverage

Among 7 analysts covering Convergys Corp (NYSE:CVG), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Convergys Corp had 15 analyst reports since August 14, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 26 by Zacks. The firm has “Hold” rating by Robert W. Baird given on Thursday, January 25. The firm earned “Neutral” rating on Monday, April 4 by Sidoti. Sidoti downgraded Convergys Corporation (NYSE:CVG) on Wednesday, October 21 to “Neutral” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, February 25 report. The firm has “Neutral” rating by Citigroup given on Wednesday, August 10. SunTrust downgraded the stock to “Hold” rating in Wednesday, February 15 report. The firm has “Hold” rating given on Monday, October 9 by SunTrust. As per Friday, November 10, the company rating was maintained by Citigroup. The stock of Convergys Corporation (NYSE:CVG) has “Hold” rating given on Friday, October 20 by Robert W. Baird.

More important recent Convergys Corporation (NYSE:CVG) news were published by: Nasdaq.com which released: “Relative Strength Alert For Convergys” on January 19, 2018, also Seekingalpha.com published article titled: “Convergys (CVG) Q3 2017 Results – Earnings Call Transcript”, Bloomberg.com published: “Elliott Takes New Stakes in QEP, Convergys, Exits Marathon” on February 14, 2018. More interesting news about Convergys Corporation (NYSE:CVG) was released by: Bizjournals.com and their article: “Cincinnati public company begins search for next CEO” with publication date: January 25, 2018.

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, and healthcare industries in North America and internationally. The company has market cap of $2.13 billion. The firm offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection services; and solutions in contact center technology comprising multichannel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity, and retention solutions. It has a 17.65 P/E ratio. It also provides analytics and consulting, and software solutions, including integrated customer experience analytics, post-contact surveys, relational loyalty research, customer segmentation and profiling, call elimination analysis, analysis of customer effort, digital channel optimization, and integrated contact center analytics solutions, as well as voice of customer SaaS software for measuring customer satisfaction.

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