Investors sold shares of Conduent Inc (NASDAQ:CNDT) on strength during trading on Monday. $2.93 million flowed into the stock on the tick-up and $83.16 million flowed out of the stock on the tick-down, for a money net flow of $80.23 million out of the stock. Of all equities tracked, Conduent had the 0th highest net out-flow for the day. Conduent traded up $0.12 for the day and closed at $16.63

A number of equities analysts have recently issued reports on CNDT shares. Citigroup Inc. reiterated a “buy” rating and set a $25.00 target price (up from $17.00) on shares of Conduent in a research report on Friday, June 9th. Cowen and Company reiterated a “hold” rating and set a $18.00 target price on shares of Conduent in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Conduent from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Conduent currently has an average rating of “Hold” and a consensus price target of $18.00.

The company’s market cap is $3.51 billion. The stock has a 50-day moving average price of $16.68 and a 200 day moving average price of $16.36.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Conduent had a negative net margin of 0.27% and a negative return on equity of 0.48%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts anticipate that Conduent Inc will post $0.76 EPS for the current fiscal year.

In related news, EVP David Amoriell sold 106,500 shares of Conduent stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $17.01, for a total transaction of $1,811,565.00. Following the sale, the executive vice president now directly owns 120,630 shares of the company’s stock, valued at approximately $2,051,916.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several institutional investors have recently made changes to their positions in CNDT. Community Financial Services Group LLC bought a new stake in shares of Conduent during the 1st quarter valued at approximately $202,000. Cohen Capital Management Inc. bought a new stake in shares of Conduent during the 2nd quarter valued at approximately $1,881,000. Nisa Investment Advisors LLC grew its holdings in shares of Conduent by 7.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 30,135 shares of the company’s stock valued at $483,000 after purchasing an additional 2,000 shares during the last quarter. Alpha Windward LLC grew its holdings in shares of Conduent by 1.5% during the 2nd quarter. Alpha Windward LLC now owns 34,916 shares of the company’s stock valued at $557,000 after purchasing an additional 524 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN bought a new stake in shares of Conduent during the 2nd quarter valued at approximately $8,922,000.

COPYRIGHT VIOLATION WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/06/investors-sell-shares-of-conduent-inc-cndt-on-strength-cndt.html.

Conduent Company Profile

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.