“We are raising our price target to $18 from $16. Key Points 4Q:17 Recap: Care.com revenue grew 2% y/y to $44.2mm, just above our estimate of $44.1mm ($44.0mm consensus) and above the high end of the company’s guided range ($43.6mm- $44.1mm). After backing out the ~$3mm of incremental revenue that Care.com generated during an extra week in fiscal year 2016, the company’s y/y revenue growth would have been ~9% y/y. U.S. Consumer revenue increased 8% y/y due to another strong quarter of paying family growth (10% y/y in 4Q). Care.com continued to drive greater leverage in sales and marketing spend as the company continues to benefit from its multi-year product investments in mobile enrollment as well as paid channel optimization. These investments drove an 18% decrease in CAC during the year ($122 in FY:16 to $99 in FY:17) with ROI increasing to 4.6x in FY:17 (up from 3.6x the year prior).”,” the firm’s analyst wrote.
Several other equities analysts have also commented on CNDT. Cross Research raised shares of Conduent from a hold rating to a buy rating in a research report on Tuesday, November 7th. BidaskClub raised shares of Conduent from a strong sell rating to a sell rating in a research report on Thursday, November 9th. BMO Capital Markets dropped their price target on shares of Conduent from $18.00 to $17.00 and set a market perform rating for the company in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Conduent from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a buy rating and set a $20.00 price target on shares of Conduent in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Conduent has a consensus rating of Hold and a consensus price target of $20.67.
Conduent (NYSE:CNDT) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. Conduent had a net margin of 3.01% and a return on equity of 5.62%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. Conduent’s revenue for the quarter was down 1.4% compared to the same quarter last year. analysts forecast that Conduent will post 1.06 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in CNDT. Ameriprise Financial Inc. increased its position in shares of Conduent by 170.2% in the second quarter. Ameriprise Financial Inc. now owns 173,931 shares of the company’s stock worth $2,772,000 after acquiring an additional 109,555 shares in the last quarter. State Street Corp increased its position in shares of Conduent by 46.6% in the second quarter. State Street Corp now owns 2,511,213 shares of the company’s stock worth $40,035,000 after acquiring an additional 798,390 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Conduent by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after acquiring an additional 527 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Conduent by 13.0% in the third quarter. Nationwide Fund Advisors now owns 49,740 shares of the company’s stock worth $779,000 after acquiring an additional 5,740 shares in the last quarter. Finally, First Quadrant L P CA increased its position in shares of Conduent by 96.9% in the third quarter. First Quadrant L P CA now owns 263,659 shares of the company’s stock worth $4,132,000 after acquiring an additional 129,752 shares in the last quarter. 97.94% of the stock is owned by institutional investors.
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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