Boston Partners purchased a new stake in shares of Conduent Inc (NYSE:CNDT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 172,510 shares of the company’s stock, valued at approximately $2,788,000. Boston Partners owned about 0.08% of Conduent at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Conduent by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after buying an additional 527 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of Conduent by 29.7% during the third quarter. Magnetar Financial LLC now owns 14,809 shares of the company’s stock worth $232,000 after buying an additional 3,389 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Conduent by 24.6% during the third quarter. Sei Investments Co. now owns 18,422 shares of the company’s stock worth $288,000 after buying an additional 3,635 shares in the last quarter. Yellowstone Partners LLC lifted its holdings in shares of Conduent by 27.2% during the fourth quarter. Yellowstone Partners LLC now owns 18,528 shares of the company’s stock worth $299,000 after buying an additional 3,962 shares in the last quarter. Finally, Lapides Asset Management LLC lifted its holdings in shares of Conduent by 4.7% during the third quarter. Lapides Asset Management LLC now owns 111,800 shares of the company’s stock worth $1,752,000 after buying an additional 5,000 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.
Shares of Conduent Inc (CNDT) opened at $15.90 on Thursday. Conduent Inc has a twelve month low of $14.86 and a twelve month high of $18.15. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3,279.78 and a price-to-earnings ratio of -3.28.
A number of research firms have recently weighed in on CNDT. Zacks Investment Research raised Conduent from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, January 23rd. BidaskClub raised Conduent from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. BMO Capital Markets dropped their target price on Conduent from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and set a $20.00 target price on shares of Conduent in a report on Friday, November 10th. Finally, Cross Research raised Conduent from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.60.
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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