Conduent Inc. (NASDAQ:CNDT – Get Free Report) shares rose 5.7% on Monday . The stock traded as high as $1.55 and last traded at $1.48. Approximately 1,319,628 shares traded hands during trading, a decline of 2% from the average daily volume of 1,340,936 shares. The stock had previously closed at $1.40.
Analyst Upgrades and Downgrades
CNDT has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Conduent in a research note on Monday, April 20th. Noble Financial upgraded shares of Conduent to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Conduent from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
View Our Latest Stock Report on Conduent
Conduent Price Performance
Conduent (NASDAQ:CNDT – Get Free Report) last posted its quarterly earnings results 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. Conduent had a negative net margin of 5.04% and a negative return on equity of 7.08%. The firm had revenue of $723.00 million for the quarter, compared to the consensus estimate of $746.67 million. On average, analysts forecast that Conduent Inc. will post -0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Conduent
Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Conduent by 106.7% in the first quarter. AQR Capital Management LLC now owns 740,375 shares of the company’s stock valued at $1,999,000 after buying an additional 382,191 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Conduent by 0.6% during the 1st 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. Caxton Associates LLP bought a new stake in Conduent during the 1st quarter worth about $249,000. Empowered Funds LLC raised its holdings in Conduent by 3.0% during the 1st quarter. Empowered Funds LLC now owns 864,190 shares of the company’s stock worth $2,333,000 after purchasing an additional 25,515 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Conduent by 20.9% during the 1st quarter. Jane Street Group LLC now owns 397,856 shares of the company’s stock worth $1,074,000 after purchasing an additional 68,860 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.
Conduent Company Profile
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.
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