Quantbot Technologies LP boosted its position in Conduent Inc. (NYSE:CNDT) by 19,747.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,719 shares of the company’s stock after purchasing an additional 62,403 shares during the quarter. Quantbot Technologies LP’s holdings in Conduent were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of CNDT. The Manufacturers Life Insurance Company grew its holdings in Conduent by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after acquiring an additional 527 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Conduent by 213.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,882 shares of the company’s stock valued at $142,000 after purchasing an additional 6,046 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Conduent during the 2nd quarter valued at about $161,000. Stevens Capital Management LP bought a new stake in shares of Conduent during the 2nd quarter valued at about $161,000. Finally, Advisory Services Network LLC boosted its stake in shares of Conduent by 173.9% during the 2nd quarter. Advisory Services Network LLC now owns 10,913 shares of the company’s stock valued at $174,000 after purchasing an additional 6,929 shares in the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
Several brokerages have issued reports on CNDT. BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Conduent in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price target on shares of Conduent in a research report on Friday, November 10th. BidaskClub upgraded shares of Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Cowen reissued a “hold” rating on shares of Conduent in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.43.
Conduent Inc. (NYSE CNDT) traded down $0.06 during trading on Thursday, reaching $15.11. 1,439,527 shares of the company were exchanged, compared to its average volume of 2,476,949. The stock has a market capitalization of $3,174.59 and a P/E ratio of 18.18. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. Conduent Inc. has a 52 week low of $13.10 and a 52 week high of $18.15.
Conduent (NYSE:CNDT) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Conduent had a negative net margin of 16.18% and a positive return on equity of 5.45%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Conduent’s revenue was down 7.3% on a year-over-year basis. sell-side analysts anticipate that Conduent Inc. will post 0.81 EPS for the current year.
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Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
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