Shares of Conduent Incorporated (NASDAQ:CNDT - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.05, but opened at $4.24. Conduent shares last traded at $3.98, with a volume of 245,370 shares.
Conduent Stock Performance
The firm has a market cap of $626.77 million, a price-to-earnings ratio of 1.73 and a beta of 1.48. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock's 50 day moving average is $3.88 and its 200 day moving average is $3.67.
Conduent (NASDAQ:CNDT - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Analysts anticipate that Conduent Incorporated will post -0.45 earnings per share for the current year.
Hedge Funds Weigh In On Conduent
Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its position in Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after purchasing an additional 190,269 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Conduent by 7.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 157,607 shares of the company's stock valued at $635,000 after buying an additional 11,464 shares in the last quarter. Jane Street Group LLC lifted its holdings 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 worth $3,360,000 after acquiring an additional 311,579 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Conduent by 163.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company's stock worth $6,125,000 after acquiring an additional 942,459 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Conduent in the third quarter valued at approximately $100,000. 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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