Convergys office in Baguio City, Philippines
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Type
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Public |
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Traded as | NYSE: CVG S&P 400 Component |
Industry | Customer Management Information Management Outsourcing Consulting Professional Services |
Founded | 1998 (1998) |
Headquarters | Cincinnati, Ohio, United States |
Number of locations
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150 |
Key people
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|
Products | Infinys Rating and Billing (IRB), Dynamic Decisioning Solution (DDS), ICOMS, Customer Management, Solutions etc. |
Revenue | $ 2.951 billion (2015) |
Operating income
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$ 194.4 million (2015) |
Net income
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$ 169 million (2015) |
Total assets | $ 2.358 billion (2015) |
Total equity | $ 1.276 billion (2015) |
Number of employees
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130,000 (2015) |
Website | www |
Convergys Corporation is a corporation based in Cincinnati, Ohio, that sells customer management and information management products, primarily to large corporations. Customer management products include agent assisted, self-service and care software tailored to the communications, financial services, technology, retail, healthcare and government markets. Information management provides convergent billing and business support system (BSS) products and services including revenue management, product and order management, and customer care management to telecom, utilities, and cable/satellite/broadband service providers. They have approximately 130,000 employees across 33 countries.
The company grew from Cincinnati Bell Information Systems and MATRIXX, both subsidiaries of Cincinnati Bell, and AT&T Solutions Customer Care (formerly AT&T American Transtech), which was sold to Cincinnati Bell in 1998; an IPO in August 1998 made it a fully independent company. Since then, Convergys' headquarters in Cincinnati, Ohio, has acquired numerous companies.
In 2004, Convergys bought DigitalThink for $120 million. DigitalThink helped Convergys expand its human resources outsourcing business.
Convergys acquired Intervoice, a Dallas-based telecommunications company, in 2008 for $335 million.
Convergys sold its Human Resources Management line of business to NorthgateArinso in March 2010.
On March 22, 2012, Japanese technology firm NEC announced it would buy the Information Management Business of Convergys for approximately $449 million. In 2012, Convergys Philippines, 8 years after its entry into the country established 18 centers with 26,000 employees in all, was named “BPO Employer of the Year” at the annual International ICT Awards.
On April 3, 2013, Convergys completed the acquisition of New Zealand-based Datacom call center operations in Kuala Lumpur and Manila for $20 million.
On January 6, 2014, Convergys and Stream Global Services announced entry into a definitive merger. Under the agreement, Convergys would acquire Stream for a total enterprise value of $820 million in cash. On March 3, 2014, Convergys completed the acquisition of Stream creating the 2nd largest BPO provider in the outsourcing industry. The merger brought their total employees to approximately 125,000 with 150 centers in 31 countries supporting 47 languages.
2016-06-01 | Upgrade | Sidoti | Neutral to Buy | |
2016-05-16 | Reiterated Rating | Robert W. Baird | Hold | |
2016-04-04 | Downgrade | Sidoti | Buy to Neutral | |
2016-02-25 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2016-02-25 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2016-01-06 | Upgrade | Sidoti | Neutral to Buy | $30.00 |
2015-10-21 | Downgrade | Sidoti | Buy to Neutral | |
2015-05-07 | Reiterated Rating | Citigroup Inc. | Hold | $22.50 to $23.50 |
2015-02-20 | Reiterated Rating | Citigroup Inc. | Hold | $22.00 to $22.50 |
2015-01-09 | Boost Price Target | Citigroup Inc. | Neutral | $21.00 to $22.00 |
2014-08-13 | Reiterated Rating | Macquarie | Neutral | $25.00 to $23.00 |
2014-08-13 | Reiterated Rating | Citigroup Inc. | Neutral | $23.00 to $21.00 |
2014-05-15 | Boost Price Target | Macquarie | $20.00 to $25.00 | |
2014-05-14 | Reiterated Rating | Citigroup Inc. | Hold | $21.00 to $23.00 |
2014-04-09 | Initiated Coverage | Sidoti | Buy | |
2014-03-24 | Initiated Coverage | SunTrust | Buy | $26.00 |
2013-12-30 | Upgrade | Ned Davis Research | Neutral to Buy | |
2012-08-16 | Downgrade | Oppenheimer | Outperform to Perform | $16 |
2012-08-10 | Downgrade | Robert W. Baird | Outperform to Neutral | $17 |
2012-03-23 | Downgrade | Stifel Nicolaus | Buy to Hold | |
2011-08-29 | Reiterated | Oppenheimer | Outperform | $16 to $14 |
2011-01-24 | Reiterated | Stifel Nicolaus | Buy | $14 to $17 |
2011-01-18 | Upgrade | Robert W. Baird | Neutral to Outperform | $13 to $17 |
2010-11-09 | Reiterated | Wedbush | Underperform | $10 to $10.50 |
2010-08-11 | Upgrade | Stifel Nicolaus | Hold to Buy | $13 |
2010-08-03 | Downgrade | Stifel Nicolaus | Buy to Hold | |
2010-03-04 | Downgrade | Kaufman Bros | Hold to Sell | $11 |
2010-02-11 | Upgrade | Stifel Nicolaus | Hold to Buy | $13.50 |
2009-10-05 | Upgrade | Citigroup | Hold to Buy | |
2009-07-30 | Reiterated | Wedbush Morgan | Underperform | $9 to $9.50 |
2009-01-28 | Reiterated | Wedbush Morgan | Hold | $8 to $9 |
2008-11-25 | Reiterated | Brean Murray | Buy | $10 |
2008-10-29 | Reiterated | Wedbush Morgan | Hold | $13 to $8 |
2008-10-29 | Reiterated | Kaufman Bros | Hold | $14 to $9 |
2008-10-27 | Reiterated | Brean Murray | Buy | $18 to $13 |
2016-06-01 | Upgrade | Sidoti | Neutral to Buy | |
2016-05-16 | Reiterated Rating | Robert W. Baird | Hold | |
2016-04-04 | Downgrade | Sidoti | Buy to Neutral | |
2016-02-25 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2016-02-25 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CVG 27 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 5.53M |
BlackRock Institutional Trust Company, N.A. | 3.34M |
RUSSELL FRANK CO/ | 1.17M |
FIDUCIARY MANAGEMENT ASSOCIATES LLC | 0.83M |
BlackRock Investment Management, LLC | 0.63M |
DENVER INVESTMENT ADVISORS LLC | 0.61M |
MANAGED ACCOUNT ADVISORS LLC | 0.49M |
AHL Partners LLP | 0.33M |
BLACKROCK ADVISORS LLC | 0.28M |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.15M |
BlackRock Group LTD | 0.11M |
Cantab Capital Partners LLP | 69222 |
RHJ International SA | 44687 |
LOMBARDIA CAPITAL PARTNERS LLC | 34141 |
VTL Associates, LLC | 22504 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Ayers Andrea J. President & CEO | 0.37% (374358) | CVG / SWH / |
FOX JEFFREY H | 0.30% (305195) | CAR / CVG / EIGI / HAWK / |
Valentine Andre S Chief Financial Officer | 0.11% (112213) | CVG / |
BARRETT JOHN F | 0.10% (98124) | CTAS / CVG / |
Connelly Marjorie Mary COO | 0.09% (92587) | CVG / PRAA / |
NELSON RONALD L | 0.09% (90144) | CAR / CVG / HBI / VIAB / |
Goetz James A CIO | 0.07% (75661) | CVG / |
Pontius Jarrod B General Counsel CAO | 0.07% (72805) | CVG / |
MONAHAN THOMAS L | 0.07% (66525) | CEB / CVG / |
DEVENUTI RICHARD R | 0.05% (53358) | CVG / EMC / STJ / |
Cline Claudia L. SVP & General Counsel | 0.05% (47428) | CVG / |
HERMAN JOAN E | 0.04% (40378) | CVG / HLS / MRVC / |
Wooden Michael L SVP Chief Commercial Officer | 0.04% (39432) | CVG / |
Delaney Brian James Chief Operating Officer | 0.04% (38425) | CVG / SREV / |
WALLMAN RICHARD F | 0.03% (27994) | CRL / CVG / ROP / STAY / TRNX / |
Timmins Barry Christine Senior Vice President | 0.03% (26409) | CVG / |
BEEBE CHERYL K | 0.02% (19854) | CVG / INGR / PKG / |
Twomey Cormac J Chief Commercial Officer | 0.02% (17978) | CVG / |
GIBBS JOSEPH E | 0.02% (17393) | CVG / |
Greenwald Taylor C Chief Accounting Officer | 0.01% (15017) | CVG / |