Convergys (CVG) Holding Increased by Olstein Capital Management Lp; Priceline.Com (PCLN) Stake Boosted by Crestpoint Capital Management Llc

February 15, 2018 - By Dolores Ford

Olstein Capital Management Lp increased its stake in Convergys Corp (CVG) by 58.04% based on its latest 2017Q3 regulatory filing with the SEC. Olstein Capital Management Lp bought 128,569 shares as the company’s stock declined 2.20% while stock markets rallied. The institutional investor held 350,069 shares of the edp services company at the end of 2017Q3, valued at $9.06M, up from 221,500 at the end of the previous reported quarter. Olstein Capital Management Lp who had been investing in Convergys Corp for a number of months, seems to be bullish on the $2.01B market cap company. The stock increased 1.30% or $0.28 during the last trading session, reaching $21.75. About 2.29 million shares traded or 119.87% up from the average. Convergys Corporation (NYSE:CVG) has declined 10.85% since February 15, 2017 and is downtrending. It has underperformed by 27.55% the S&P500.

Crestpoint Capital Management Llc increased its stake in Priceline.Com (PCLN) by 40% based on its latest 2017Q3 regulatory filing with the SEC. Crestpoint Capital Management Llc bought 200 shares as the company’s stock rose 10.44% with the market. The institutional investor held 700 shares of the business services company at the end of 2017Q3, valued at $1.28 million, up from 500 at the end of the previous reported quarter. Crestpoint Capital Management Llc who had been investing in Priceline.Com for a number of months, seems to be bullish on the $88.68 billion market cap company. The stock increased 1.14% or $20.55 during the last trading session, reaching $1818.41. About 452,419 shares traded or 1.55% up from the average. The Priceline Group Inc. (NASDAQ:PCLN) has risen 44.63% since February 15, 2017 and is uptrending. It has outperformed by 27.93% the S&P500.

Among 7 analysts covering Convergys Corp (NYSE:CVG), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Convergys Corp had 15 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Wednesday, August 10. The firm has “Hold” rating by Robert W. Baird given on Friday, October 20. The firm earned “Hold” rating on Friday, September 4 by Zacks. The stock has “Sell” rating by Zacks on Friday, August 14. The company was upgraded on Wednesday, January 6 by Sidoti. The stock of Convergys Corporation (NYSE:CVG) has “Neutral” rating given on Wednesday, October 21 by Sidoti. The firm earned “Market Perform” rating on Thursday, February 25 by Wells Fargo. SunTrust maintained Convergys Corporation (NYSE:CVG) rating on Monday, October 9. SunTrust has “Hold” rating and $26.0 target. Zacks upgraded the shares of CVG in report on Wednesday, August 26 to “Sell” rating. The company was maintained on Friday, September 15 by Robert W. Baird.

Olstein Capital Management Lp, which manages about $769.90M and $775.69 million US Long portfolio, decreased its stake in Oracle Corp (NYSE:ORCL) by 15,000 shares to 327,000 shares, valued at $15.81 million in 2017Q3, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 32,000 shares in the quarter, leaving it with 75,000 shares, and cut its stake in Keysight Technologies Inc (NYSE:KEYS).

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.16, from 0.93 in 2017Q2. It increased, as 19 investors sold CVG shares while 79 reduced holdings. 27 funds opened positions while 80 raised stakes. 94.23 million shares or 0.36% more from 93.90 million shares in 2017Q2 were reported. Teachers Retirement Of The State Of Kentucky stated it has 20,550 shares. Martingale Asset Mngmt LP holds 264,499 shares. Cornercap Investment Counsel Incorporated reported 86,076 shares. Invesco Ltd has 0% invested in Convergys Corporation (NYSE:CVG). Victory Inc holds 0% or 9,526 shares. Northwestern Mutual Wealth Mgmt Company stated it has 0% in Convergys Corporation (NYSE:CVG). Lsv Asset Mgmt holds 0.2% of its portfolio in Convergys Corporation (NYSE:CVG) for 4.77M shares. Dimensional Fund Advsrs L P, Texas-based fund reported 7.87 million shares. Amalgamated Bankshares owns 12,643 shares. Cornerstone Advsr reported 24 shares. Citigroup has invested 0% of its portfolio in Convergys Corporation (NYSE:CVG). Putnam Invs Limited Liability Company has invested 0.01% in Convergys Corporation (NYSE:CVG). Us State Bank De has invested 0.01% in Convergys Corporation (NYSE:CVG). Northern Trust accumulated 3.59 million shares or 0.02% of the stock. 150,527 were reported by California State Teachers Retirement Sys.

Since August 15, 2017, it had 0 buys, and 1 sale for $1.03 million activity. Another trade for 43,609 shares valued at $1.03M was made by FOX JEFFREY H on Tuesday, September 5.

Among 34 analysts covering Priceline.com (NASDAQ:PCLN), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Priceline.com had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, November 16 by KeyBanc Capital Markets. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Hold”. Oppenheimer maintained The Priceline Group Inc. (NASDAQ:PCLN) on Thursday, August 6 with “Outperform” rating. The firm has “Buy” rating given on Thursday, November 10 by Stifel Nicolaus. The company was maintained on Friday, October 7 by RBC Capital Markets. The firm has “Buy” rating given on Friday, July 28 by Piper Jaffray. The firm earned “Hold” rating on Tuesday, September 5 by KeyBanc Capital Markets. The stock has “Buy” rating by Moffett Nathanson on Tuesday, March 8. Wells Fargo maintained the shares of PCLN in report on Tuesday, November 8 with “Market Perform” rating. The rating was downgraded by Vetr on Tuesday, August 18 to “Buy”.

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