Shell Asset Management Co. decreased its holdings in shares of Convergys Corp (NYSE:CVG) by 47.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,989 shares of the business services provider’s stock after selling 36,761 shares during the period. Shell Asset Management Co.’s holdings in Convergys were worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Convergys by 0.7% in the 3rd quarter. BlackRock Inc. now owns 10,811,565 shares of the business services provider’s stock worth $256,665,000 after buying an additional 77,985 shares during the period. LSV Asset Management boosted its holdings in Convergys by 0.4% in the 2nd quarter. LSV Asset Management now owns 4,803,631 shares of the business services provider’s stock worth $117,400,000 after buying an additional 18,572 shares during the period. Bank of Montreal Can boosted its holdings in Convergys by 194.2% in the 3rd quarter. Bank of Montreal Can now owns 1,454,881 shares of the business services provider’s stock worth $34,539,000 after buying an additional 960,396 shares during the period. Boston Partners boosted its holdings in Convergys by 1.7% in the 2nd quarter. Boston Partners now owns 834,252 shares of the business services provider’s stock worth $20,389,000 after buying an additional 13,834 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Convergys by 29.0% in the 2nd quarter. Wells Fargo & Company MN now owns 758,608 shares of the business services provider’s stock worth $18,541,000 after buying an additional 170,318 shares during the period.

Shares of NYSE CVG opened at $24.41 on Wednesday. Convergys Corp has a 12-month low of $21.13 and a 12-month high of $26.72.

Several brokerages recently weighed in on CVG. Zacks Investment Research raised shares of Convergys from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Friday, August 17th. Barrington Research reaffirmed a “hold” rating on shares of Convergys in a report on Tuesday, August 14th.

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About Convergys

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, healthcare, government, travel and hospitality, and other vertical markets worldwide. The company offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection, as well as security, compliance, and fraud solutions; and solutions in contact center technology comprising omni-channel 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.

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Institutional Ownership by Quarter for Convergys (NYSE:CVG)

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