Conduent Inc. (NASDAQ:CNDT – Free Report) – Analysts at Sidoti increased their Q4 2027 EPS estimates for shares of Conduent in a research note issued on Thursday, October 1st. Sidoti analyst M. Riddick now expects that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Conduent’s current full-year earnings is ($0.37) per share.
A number of other research firms have also commented on CNDT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conduent in a research report on Friday, July 17th. Wall Street Zen lowered Conduent from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Zacks Research cut Conduent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Conduent Stock Up 0.6%
Shares of NASDAQ:CNDT opened at $1.65 on Friday. The company’s fifty day moving average is $1.64 and its 200-day moving average is $1.55. The company has a market capitalization of $256.61 million, a PE ratio of -1.09 and a beta of 1.45. Conduent has a 52 week low of $1.15 and a 52 week high of $2.82. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 1.55.
Conduent (NASDAQ:CNDT – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.01). Conduent had a negative net margin of 8.17% and a negative return on equity of 9.02%. The company had revenue of $531.00 million during the quarter, compared to analyst estimates of $702.00 million.
Institutional Investors Weigh In On Conduent
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC raised its holdings in Conduent by 30.9% during the second quarter. Headlands Technologies LLC now owns 54,683 shares of the company’s stock worth $80,000 after acquiring an additional 12,919 shares in the last quarter. Nierenberg Investment Management Company LLC acquired a new position in Conduent during the second quarter valued at approximately $25,630. GSA Capital Partners LLP bought a new position in Conduent in the second quarter valued at approximately $30,000. Pallas Capital Advisors LLC bought a new position in Conduent in the second quarter valued at approximately $30,000. Finally, AXQ Capital LP acquired a new position in shares of Conduent during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 77.28% of the company’s stock.
Conduent Company Profile
Conduent Incorporated (NASDAQ: CNDT) is a business services and technology company that provides digital platforms, transaction processing and business process services to government agencies and commercial organizations. Its solutions are designed to help clients manage customer interactions, administrative workflows, payments and other high-volume, mission-critical processes.
The company’s government services include public benefits administration, healthcare and Medicaid support, child support services, workforce and student loan programs, and other public-sector operations.
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