Nj State Employees Deferred Compensation Plan Exits Position in Convergys Corp (CVG)

Convergys Corp (CVG) : Nj State Employees Deferred Compensation Plan has sold out all of its stake in Convergys Corp during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 7,500 shares of Convergys Corp which is valued at $201,075.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in CVG by selling 7,900 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 342,400 shares of CVG which is valued at $9,179,744. Convergys Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Lmr Partners Llp added CVG to its portfolio by purchasing 8,066 company shares during the most recent quarter which is valued at $214,959. Convergys Corp makes up approx 0.03% of Lmr Partners Llp’s portfolio.Monarch Partners Asset Management reduced its stake in CVG by selling 47,300 shares or 30.33% in the most recent quarter. The Hedge Fund company now holds 108,630 shares of CVG which is valued at $2,918,888. Convergys Corp makes up approx 0.29% of Monarch Partners Asset Management’s portfolio.Boston Advisors reduced its stake in CVG by selling 5,241 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 907,522 shares of CVG which is valued at $24,385,116. Convergys Corp makes up approx 0.59% of Boston Advisors’s portfolio.

Convergys Corp closed down -0.13 points or -0.47% at $27.26 with 12,18,117 shares getting traded on Monday. Post opening the session at $27.37, the shares hit an intraday low of $27.11 and an intraday high of $27.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Convergys Corp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.37. The company had revenue of $692.30 million for the quarter, compared to analysts expectations of $695.73 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 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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