Conduent Incorporated (NASDAQ:CNDT - Get Free Report) shares traded down 5% during mid-day trading on Monday . The stock traded as low as $4.19 and last traded at $4.19. 431,393 shares were traded during trading, a decline of 62% from the average session volume of 1,127,374 shares. The stock had previously closed at $4.41.
Conduent Trading Down 6.3 %
The firm has a market cap of $660.35 million, a price-to-earnings ratio of 1.82 and a beta of 1.46. The company's 50-day moving average price is $3.95 and its 200-day moving average price is $3.74. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81.
Conduent (NASDAQ:CNDT - Get Free Report) last issued 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 net margin of 12.65% and a negative return on equity of 7.94%. The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. During the same period last year, the company posted ($0.09) EPS. Conduent's quarterly revenue was down 13.4% compared to the same quarter last year. Equities analysts expect that Conduent Incorporated will post -0.45 EPS for the current fiscal year.
Institutional Trading of Conduent
A number of institutional investors have recently made changes to their positions in the company. Factorial Partners LLC acquired a new stake in Conduent in the 2nd quarter valued at about $3,295,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Conduent by 163.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company's stock valued at $6,125,000 after purchasing an additional 942,459 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Conduent by 27.7% in the second 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 during the last quarter. Jane Street Group LLC lifted its position in Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock worth $3,360,000 after buying an additional 311,579 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Conduent by 25.0% during the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company's stock worth $3,165,000 after buying an additional 194,250 shares during the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.
About Conduent
(
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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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