Conduent Incorporated (NASDAQ:CNDT - Get Free Report) shares saw an uptick in trading volume on Tuesday . 797,796 shares changed hands during trading, a decline of 27% from the previous session's volume of 1,088,117 shares.The stock last traded at $3.80 and had previously closed at $3.79.
Conduent Trading Down 2.4 %
The firm has a market capitalization of $756.96 million, a price-to-earnings ratio of -4.11 and a beta of 1.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65. The business has a fifty day moving average price of $3.78 and a 200 day moving average price of $3.59.
Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.14. The company had revenue of $811.00 million during the quarter, compared to analyst estimates of $803.33 million. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share. As a group, equities analysts forecast that Conduent Incorporated will post -0.53 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of Conduent by 74.2% during the 3rd quarter. Creative Planning now owns 60,843 shares of the company's stock valued at $245,000 after acquiring an additional 25,912 shares in the last quarter. Point72 DIFC Ltd raised its position in Conduent by 127.9% in the second quarter. Point72 DIFC Ltd now owns 27,185 shares of the company's stock valued at $89,000 after purchasing an additional 15,254 shares during the period. Algert Global LLC purchased a new position in Conduent in the second quarter valued at about $52,000. Mackenzie Financial Corp lifted its stake in shares of Conduent by 642.8% during the second quarter. Mackenzie Financial Corp now owns 82,852 shares of the company's stock worth $270,000 after purchasing an additional 71,698 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Conduent by 18.3% in the second quarter. AQR Capital Management LLC now owns 134,256 shares of the company's stock worth $438,000 after buying an additional 20,735 shares during the period. 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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