Howard Financial Services LTD. boosted its holdings in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 1,500.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,000 shares of the company's stock after purchasing an additional 150,000 shares during the quarter. Howard Financial Services LTD. owned about 0.10% of Conduent worth $646,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Algert Global LLC bought a new stake in shares of Conduent in the second quarter valued at about $52,000. Oppenheimer Asset Management Inc. bought a new position in Conduent during the second quarter valued at about $80,000. Point72 DIFC Ltd raised its holdings in Conduent by 127.9% in the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company's stock valued at $89,000 after acquiring an additional 15,254 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Conduent during the third quarter valued at approximately $100,000. Finally, BBR Partners LLC acquired a new position in shares of Conduent in the third quarter valued at $121,000. Institutional investors and hedge funds own 77.28% of the company's stock.
Conduent Stock Performance
CNDT stock traded down $0.01 during midday trading on Friday, hitting $4.04. The stock had a trading volume of 526,349 shares, compared to its average volume of 1,078,426. Conduent Incorporated has a 52 week low of $2.96 and a 52 week high of $4.59. 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 has a 50-day simple moving average of $4.04 and a 200 day simple moving average of $3.84. The firm has a market capitalization of $645.96 million, a price-to-earnings ratio of 1.78 and a beta of 1.44.
Conduent (NASDAQ:CNDT - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. During the same period in the previous year, the business earned ($0.09) EPS. The firm's revenue was down 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Conduent Incorporated will post -0.45 earnings per share for the current year.
About Conduent
(
Free Report)
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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