Conduent Inc (CNDT) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its holdings in Conduent Inc (NASDAQ:CNDT) by 54.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 746,415 shares of the company’s stock after acquiring an additional 262,604 shares during the period. OxFORD Asset Management LLP owned 0.36% of Conduent worth $11,898,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Teacher Retirement System of Texas grew its holdings in Conduent by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock valued at $220,000 after buying an additional 98 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Conduent in the 2nd quarter valued at $566,000. Community Financial Services Group LLC acquired a new position in Conduent in the 1st quarter valued at $202,000. Cohen Capital Management Inc. acquired a new position in Conduent in the 2nd quarter valued at $1,881,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Conduent by 759.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,033 shares of the company’s stock valued at $750,000 after buying an additional 41,558 shares in the last quarter.
A number of research analysts have commented on the company. Zacks Investment Research lowered Conduent from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub lowered Conduent from a “sell” rating to a “strong sell” rating in a report on Thursday. Needham & Company LLC initiated coverage on Conduent in a report on Wednesday, September 13th. They set a “hold” rating on the stock. Cowen and Company reissued a “hold” rating and set a $18.00 target price on shares of Conduent in a report on Friday, July 28th. Finally, Citigroup Inc. reissued a “buy” rating and set a $25.00 target price (up from $17.00) on shares of Conduent in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.00.
Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year.
In related news, EVP David Amoriell sold 106,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.01, for a total transaction of $1,811,565.00. Following the completion of the transaction, the executive vice president now directly owns 120,630 shares in the company, valued at $2,051,916.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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).
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