Truepoint Lowers stake in Convergys Corp (CVG)

Convergys Corp (CVG) : Truepoint reduced its stake in Convergys Corp by 40.99% during the most recent quarter end. The investment management company now holds a total of 8,750 shares of Convergys Corp which is valued at $234,588 after selling 6,078 shares in Convergys Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Convergys Corp makes up approximately 0.03% of Truepoint’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in CVG in the latest quarter, The investment management firm added 46,444 additional shares and now holds a total of 56,954 shares of Convergys Corp which is valued at $1,526,937.Eagle Asset Management Inc reduced its stake in CVG by selling 84,805 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 751,167 shares of CVG which is valued at $20,131,276. Convergys Corp makes up approx 0.13% of Eagle Asset Management Inc’s portfolio. Highland Capital Management added CVG to its portfolio by purchasing 14,874 company shares during the most recent quarter which is valued at $398,623. Convergys Corp makes up approx 0.03% of Highland Capital Management’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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