Conduent Incorporated (NASDAQ:CNDT - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $4.55 and last traded at $4.52, with a volume of 447812 shares trading hands. The stock had previously closed at $4.33.
Conduent Price Performance
The company has a market capitalization of $705.11 million, a P/E ratio of 1.94 and a beta of 1.46. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The business has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $3.74.
Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The company had revenue of $807.00 million for the quarter, compared to analysts' expectations of $817.33 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. Analysts predict that Conduent Incorporated will post -0.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Conduent
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Conduent by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company's stock valued at $7,804,000 after purchasing an additional 520,000 shares in the last quarter. Factorial Partners LLC bought a new stake in Conduent during the second quarter worth approximately $3,295,000. Creative Planning grew its position in Conduent by 74.2% in the third quarter. Creative Planning now owns 60,843 shares of the company's stock worth $245,000 after buying an additional 25,912 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Conduent by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company's stock valued at $3,165,000 after buying an additional 194,250 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Conduent by 59.7% during the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock valued at $3,360,000 after acquiring an additional 311,579 shares during the last quarter. 77.28% of the stock is owned by institutional investors.
Conduent Company Profile
(
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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.
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