Gray Financial Group Ga Adv Adv Lowers stake in Convergys Corp (CVG)

Convergys Corp (CVG) : Gray Financial Group Ga Adv Adv reduced its stake in Convergys Corp by 10.51% during the most recent quarter end. The investment management company now holds a total of 10,337 shares of Convergys Corp which is valued at $277,032 after selling 1,214 shares in Convergys Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Convergys Corp makes up approximately 0.11% of Gray Financial Group Ga Adv Adv’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in CVG in the latest quarter, The investment management firm added 16,861 additional shares and now holds a total of 22,977 shares of Convergys Corp which is valued at $615,784.Weaver C. Barksdale Associates boosted its stake in CVG in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 474 shares of Convergys Corp which is valued at $12,599. Convergys Corp makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CVG in the latest quarter, The investment management firm added 50,923 additional shares and now holds a total of 50,997 shares of Convergys Corp which is valued at $1,316,233. Convergys Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Convergys Corp opened for trading at $26.8 and hit $26.93 on the upside on Wednesday, eventually ending the session at $26.8, with a gain of 0.56% or 0.15 points. The heightened volatility saw the trading volume jump to 3,66,402 shares. Company has a market cap of $2,586 M.

On the company’s financial health, Convergys Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $722.20 million for the quarter, compared to analysts expectations of $730.63 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

Convergys Corporation (Convergys) provides customer management services. The Company serves brands in industries such as communications and media technology financial services retail and healthcare. The Company invests in a combination of global quality delivery comprehensive solutions and close client engagement. The Company invests in solutions consisting of services technology and analytics that support the life-cycle of contact types including service sales retention and collections. Its analytics and consulting solutions are post-contact surveys relational loyalty research segmentation and profiling repeat call analysis agent path analysis customer interaction assessment chat optimization and integrated contact center analytics.

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