GSA Capital Partners LLP lessened its position in Conduent Inc. (NYSE:CNDT) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,496 shares of the company’s stock after selling 4,841 shares during the period. GSA Capital Partners LLP’s holdings in Conduent were worth $541,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Conduent by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock valued at $135,000 after purchasing an additional 527 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Conduent by 213.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,882 shares of the company’s stock valued at $142,000 after purchasing an additional 6,046 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of Conduent in the 3rd quarter valued at about $149,000. Stevens Capital Management LP purchased a new position in shares of Conduent in the 2nd quarter valued at about $161,000. Finally, Pacad Investment Ltd. purchased a new position in shares of Conduent in the 2nd quarter valued at about $161,000. Institutional investors own 88.67% of the company’s stock.

Conduent Inc. (CNDT) opened at $16.54 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. Conduent Inc. has a twelve month low of $13.10 and a twelve month high of $18.15. The firm has a market cap of $3,480.00 and a PE ratio of -3.42.

Conduent (NYSE:CNDT) last posted its earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Conduent had a negative net margin of 16.18% and a positive return on equity of 5.45%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. equities research analysts anticipate that Conduent Inc. will post 0.81 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CNDT. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Conduent in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of Conduent from a “buy” rating to a “hold” rating in a report on Friday, December 29th. BidaskClub downgraded shares of Conduent from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Cowen reiterated a “hold” rating on shares of Conduent in a report on Friday, October 6th. Finally, Needham & Company LLC began coverage on shares of Conduent in a report on Wednesday, September 13th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.43.

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Conduent 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).

Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

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