Conduent Incorporated (NASDAQ:CNDT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.08 and last traded at $3.86, with a volume of 625445 shares traded. The stock had previously closed at $3.68.
Analyst Ratings Changes
Several research firms have issued reports on CNDT. StockNews.com upgraded shares of Conduent from a “hold” rating to a “buy” rating in a report on Thursday. Noble Financial began coverage on shares of Conduent in a research report on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price target for the company.
Check Out Our Latest Stock Analysis on Conduent
Conduent Stock Up 5.2 %
Conduent (NASDAQ:CNDT – Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $953.00 million for the quarter, compared to analysts’ expectations of $930.00 million. Conduent had a negative return on equity of 2.48% and a negative net margin of 5.13%. Conduent’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that Conduent Incorporated will post 1.06 EPS for the current fiscal year.
Institutional Investors Weigh In On Conduent
A number of hedge funds have recently made changes to their positions in CNDT. Dynamic Advisor Solutions LLC bought a new stake in shares of Conduent during the 4th quarter worth $36,000. NewEdge Wealth LLC bought a new stake in shares of Conduent during the 4th quarter worth $48,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Conduent during the 4th quarter worth $48,000. Qtron Investments LLC bought a new stake in shares of Conduent during the 3rd quarter worth $51,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Conduent during the 3rd quarter worth $54,000. 77.28% of the stock is currently owned by institutional investors.
Conduent Company Profile
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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