1 day Ago By Defense World Staff
Bank of New York Mellon Corp grew its holdings in Conduent Incorporated ( NASDAQ:CNDT – Free Report ) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 662,447 shares of the company’s stock after purchasing an additional 28,209 shares during the period.
Bank of New York Mellon Corp owned approximately 0.32% of Conduent worth $2,160,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently modified their holdings of the company.
Guardian Capital LP bought a new stake in Conduent during the 1st quarter worth $34,000. Headlands Technologies LLC lifted its stake in shares of Conduent by 1,084.3% in the 1st quarter.
Headlands Technologies LLC now owns 14,366 shares of the company’s stock valued at $49,000 after purchasing an additional 13,153 shares during the period. Aigen Investment Management LP acquired a new position in shares of Conduent in the 4th quarter valued at about $63,000. Williams & Novak LLC acquired a new position in shares of Conduent in the 2nd quarter valued at about $65,000.
Finally, Lazard Asset Management LLC acquired a new position in shares of Conduent in the 1st quarter valued at about $79,000. Institutional investors own 77.28% of the company’s stock.
Analyst Upgrades and Downgrades Separately, StockNews.com downgraded Conduent from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Conduent Stock Performance Shares of Conduent stock opened at $3.
84 on Wednesday. The company has a market cap of $785.60 million, a PE ratio of -4.
27 and a beta of 1.46. Conduent Incorporated has a 52 week low of $2.
40 and a 52 week high of $4.20. The business has a 50 day moving average price of $3.
67 and a 200-day moving average price of $3.48. The company has a quick ratio of 1.
65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05.
Conduent ( NASDAQ:CNDT – Get Free Report ) last released its earnings results on Wednesday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating 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%. Conduent’s quarterly revenue was down 4.
7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share.
Equities analysts anticipate that Conduent Incorporated will post -0.53 earnings per share for the current fiscal year. Conduent Company Profile ( 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. Featured Stories Five stocks we like better than Conduent How Investors Can Find the Best Cheap Dividend Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Why Invest in High-Yield Dividend Stocks? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge When to Sell a Stock for Profit or Loss Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding CNDT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Conduent Incorporated ( NASDAQ:CNDT – Free Report ). Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter .
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