HTG Investment Advisors Inc. Invests $36,000 in Conduent Inc. $CNDT

HTG Investment Advisors Inc. bought a new stake in shares of Conduent Inc. (NASDAQ:CNDT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,474 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in Conduent in the first quarter valued at $28,000. Principal Financial Group Inc. purchased a new stake in shares of Conduent in the 1st quarter worth about $28,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Conduent during the 1st quarter valued at about $32,000. Pallas Capital Advisors LLC purchased a new position in shares of Conduent during the second quarter valued at about $43,000. Finally, Vestmark Advisory Solutions Inc. raised its stake in Conduent by 114.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 28,014 shares of the company’s stock worth $76,000 after buying an additional 14,955 shares in the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Analysts Set New Price Targets

CNDT has been the topic of several research reports. Singular Research raised Conduent to a “strong-buy” rating in a research report on Tuesday, August 19th. Wall Street Zen upgraded Conduent from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conduent in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Conduent presently has an average rating of “Moderate Buy”.

Conduent Stock Down 0.7%

CNDT stock opened at $2.73 on Tuesday. The business has a 50 day moving average of $2.71 and a 200 day moving average of $2.55. The firm has a market cap of $431.26 million, a PE ratio of 68.27 and a beta of 1.35. Conduent Inc. has a twelve month low of $1.90 and a twelve month high of $4.90. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.81.

Conduent (NASDAQ:CNDT) last released its earnings results on Wednesday, August 6th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. Conduent had a negative return on equity of 9.88% and a net margin of 0.64%.The business had revenue of $754.00 million for the quarter, compared to the consensus estimate of $777.00 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts forecast that Conduent Inc. will post -0.34 EPS for the current fiscal year.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.