Wall Street Zen lowered shares of Conduent (NASDAQ:CNDT – Free Report) from a hold rating to a strong sell rating in a report published on Saturday.
Several other equities analysts have also commented on the stock. Noble Financial upgraded shares of Conduent to a “strong-buy” rating in a research report on Tuesday, May 12th. Zacks Research cut shares of Conduent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Conduent in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on CNDT
Conduent Trading Down 3.9%
Conduent (NASDAQ:CNDT – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). Conduent had a negative return on equity of 9.02% and a negative net margin of 8.17%.The company had revenue of $531.00 million for the quarter, compared to the consensus estimate of $702.00 million. Research analysts anticipate that Conduent will post -0.37 EPS for the current fiscal year.
Institutional Trading of Conduent
A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in Conduent by 13.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,608,400 shares of the company’s stock worth $3,339,000 after buying an additional 311,300 shares during the last quarter. Blue Owl Capital Holdings LP lifted its stake 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 buying an additional 365,574 shares during the period. Miller Value Partners LLC raised its stake in Conduent by 38.5% in the 4th quarter. Miller Value Partners LLC now owns 5,583,385 shares of the company’s stock worth $10,720,000 after acquiring an additional 1,552,560 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Conduent in the fourth quarter valued at about $40,000. Finally, GatePass Capital LLC lifted its holdings in shares of Conduent by 6.1% during the fourth quarter. GatePass Capital LLC now owns 238,800 shares of the company’s stock worth $458,000 after purchasing an additional 13,700 shares during the period. 77.28% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than Conduent
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.
