Conduent Incorporated (NASDAQ:CNDT - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $4.22 and last traded at $4.22, with a volume of 92224 shares traded. The stock had previously closed at $4.11.
Conduent Price Performance
The stock has a market capitalization of $842.88 million, a P/E ratio of -4.58 and a beta of 1.47. The stock's fifty day moving average is $3.68 and its 200-day moving average is $3.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.65 and a quick ratio of 1.65.
Conduent (NASDAQ:CNDT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.14. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The business had revenue of $811.00 million during the quarter, compared to analysts' expectations of $803.33 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm's revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Conduent Incorporated will post -0.53 earnings per share for the current year.
Institutional Investors Weigh In On Conduent
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings 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 worth $7,804,000 after buying an additional 520,000 shares during the period. Factorial Partners LLC acquired a new position in Conduent in the 2nd quarter valued at approximately $3,295,000. Panagora Asset Management Inc. increased its position in Conduent by 25.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company's stock valued at $3,165,000 after acquiring an additional 194,250 shares during the period. Redwood Investment Management LLC increased its position in Conduent by 9.9% in the 1st quarter. Redwood Investment Management LLC now owns 955,116 shares of the company's stock valued at $3,228,000 after acquiring an additional 85,843 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Conduent by 198.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 763,916 shares of the company's stock valued at $2,582,000 after acquiring an additional 508,012 shares during the period. 77.28% of the stock is currently owned by institutional investors and hedge funds.
Conduent Company Profile
(
Get 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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