Q4 Earnings Estimate for Conduent Issued By Sidoti

Conduent Inc. (NASDAQ:CNDT) – Research analysts at Sidoti issued their Q4 2027 earnings per share estimates for Conduent in a research report issued on Tuesday, May 12th. Sidoti analyst M. Riddick anticipates that the company will earn $0.01 per share for the quarter. The consensus estimate for Conduent’s current full-year earnings is ($0.46) per share.

A number of other research firms have also recently weighed in on CNDT. Noble Financial upgraded Conduent to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Conduent in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Conduent from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Conduent Stock Down 12.4%

Conduent stock opened at $1.49 on Wednesday. Conduent has a 1-year low of $1.15 and a 1-year high of $2.98. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $231.10 million, a PE ratio of -1.46 and a beta of 1.43. The stock’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.73.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.12. The business had revenue of $723.00 million for the quarter, compared to analyst estimates of $746.67 million. Conduent had a negative return on equity of 6.87% and a negative net margin of 5.04%.

Hedge Funds Weigh In On Conduent

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Conduent by 1.1% during the third quarter. Vanguard Group Inc. now owns 8,635,381 shares of the company’s stock worth $24,179,000 after purchasing an additional 93,759 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Conduent by 35.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,116,277 shares of the company’s stock worth $13,663,000 after purchasing an additional 1,854,266 shares during the last quarter. Miller Value Partners LLC grew its holdings in shares of Conduent by 38.5% during the fourth quarter. Miller Value Partners LLC now owns 5,583,385 shares of the company’s stock worth $10,720,000 after purchasing an additional 1,552,560 shares during the last quarter. Blue Owl Capital Holdings LP grew its holdings in shares of Conduent by 8.2% during the fourth quarter. Blue Owl Capital Holdings LP now owns 4,822,422 shares of the company’s stock worth $9,259,000 after purchasing an additional 365,574 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Conduent by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,962,919 shares of the company’s stock worth $5,300,000 after purchasing an additional 11,428 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Harshavardhan V. Agadi acquired 117,099 shares of the company’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $1.56 per share, with a total value of $182,674.44. Following the completion of the acquisition, the chief executive officer owned 337,099 shares in the company, valued at $525,874.44. This trade represents a 53.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hernandez Margarita Palau acquired 50,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $72,500.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $72,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 337,099 shares of company stock valued at $499,974. 1.92% of the stock is currently owned by insiders.

About Conduent

Conduent Incorporated is a global provider of diversified business process services with a focus on delivering digital platforms and automation solutions. The company serves clients across a variety of industries including healthcare, transportation, public sector, financial services and human resources. By combining technology-enabled services with data analytics and artificial intelligence, Conduent helps organizations streamline operations, enhance customer experiences and improve overall efficiency.

Key offerings from Conduent encompass customer engagement and transaction processing, digital payment solutions, eligibility and enrollment services for health and welfare programs, and workforce management tools.