Thompson Siegel & Walmsley LLC acquired a new stake in shares of Conduent Inc. (NYSE:CNDT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,030 shares of the company’s stock, valued at approximately $361,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Conduent by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after purchasing an additional 527 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Conduent by 213.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,882 shares of the company’s stock valued at $142,000 after buying an additional 6,046 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Conduent during the 2nd quarter valued at $161,000. Stevens Capital Management LP purchased a new position in shares of Conduent during the 2nd quarter valued at $161,000. Finally, Advisory Services Network LLC lifted its position in shares of Conduent by 173.9% during the 2nd quarter. Advisory Services Network LLC now owns 10,913 shares of the company’s stock valued at $174,000 after buying an additional 6,929 shares during the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
CNDT has been the topic of a number of recent research reports. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Needham & Company LLC started coverage on Conduent in a report on Wednesday, September 13th. They set a “hold” rating on the stock. BidaskClub cut Conduent from a “sell” rating to a “strong sell” rating in a report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Conduent in a report on Thursday, September 28th. Finally, Cowen reissued a “hold” rating on shares of Conduent in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.43.
Conduent Inc. (NYSE CNDT) opened at $15.05 on Tuesday. The firm has a market capitalization of $3,191.42 and a PE ratio of 18.28. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.60. Conduent Inc. has a one year low of $13.10 and a one year high of $18.15.
Conduent (NYSE:CNDT) last announced its earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Conduent had a positive return on equity of 5.45% and a negative net margin of 16.18%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. equities analysts predict that Conduent Inc. will post 0.81 earnings per share for the current fiscal year.
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Conduent Company Profile
Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
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