Dimensional Fund Advisors LP Boosts Position in Convergys Corporation (CVG)

Dimensional Fund Advisors LP increased its stake in shares of Convergys Corporation (NYSE:CVG) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,097,955 shares of the company’s stock after buying an additional 28,402 shares during the period. Dimensional Fund Advisors LP owned approximately 0.08% of Convergys Corporation worth $198,887,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its stake in Convergys Corporation by 6.5% in the second quarter. First Citizens Bank & Trust Co. now owns 17,029 shares of the company’s stock valued at $426,000 after buying an additional 1,034 shares in the last quarter. Nordea Investment Management AB raised its stake in Convergys Corporation by 275.7% in the second quarter. Nordea Investment Management AB now owns 22,977 shares of the company’s stock valued at $574,000 after buying an additional 16,861 shares in the last quarter. Wright Investors Service Inc. raised its stake in Convergys Corporation by 6.1% in the second quarter. Wright Investors Service Inc. now owns 11,780 shares of the company’s stock valued at $294,000 after buying an additional 675 shares in the last quarter. Foster & Motley Inc. raised its stake in Convergys Corporation by 26.2% in the second quarter. Foster & Motley Inc. now owns 17,599 shares of the company’s stock valued at $440,000 after buying an additional 3,650 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in Convergys Corporation by 1,209.9% in the second quarter. Alambic Investment Management L.P. now owns 106,100 shares of the company’s stock worth $2,653,000 after buying an additional 98,000 shares during the period. Institutional investors own 97.42% of the company’s stock.

Institutional Ownership by Quarter for Convergys Corporation (NYSE:CVG)

Convergys Corporation (NYSE:CVG) traded up 0.72% during mid-day trading on Monday, hitting $25.14. 469,386 shares of the company were exchanged. The company has a market capitalization of $2.40 billion, a P/E ratio of 15.64 and a beta of 0.93. Convergys Corporation has a 12-month low of $23.86 and a 12-month high of $30.92. The company’s 50-day moving average is $25.20 and its 200 day moving average is $27.33.

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Separately, Zacks Investment Research lowered Convergys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Convergys Corporation currently has an average rating of “Hold” and a consensus target price of $31.50.

In other news, General Counsel Jarrod B. Pontius sold 1,111 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $24.50, for a total transaction of $27,219.50. Following the completion of the transaction, the general counsel now directly owns 23,742 shares of the company’s stock, valued at approximately $581,679. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrea J. Ayers sold 30,000 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $25.04, for a total transaction of $751,200.00. Following the transaction, the chief executive officer now directly owns 333,181 shares of the company’s stock, valued at $8,342,852.24. The disclosure for this sale can be found here. Insiders sold a total of 33,545 shares of company stock valued at $836,982 over the last ninety days. 1.90% of the stock is currently owned by insiders.

About Convergys Corporation

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.

5 Day Chart for NYSE:CVG

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