Teachers Advisors LLC Has $7.66 Million Stake in Conduent Inc (CNDT)

Teachers Advisors LLC lessened its holdings in shares of Conduent Inc (NYSE:CNDT) by 54.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,721 shares of the company’s stock after selling 558,485 shares during the quarter. Teachers Advisors LLC owned approximately 0.23% of Conduent worth $7,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Conduent by 6.6% during the 2nd 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 during the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of Conduent during the 3rd quarter worth $149,000. Financial Consulate Inc. purchased a new position in shares of Conduent during the 4th quarter worth $181,000. State of Alaska Department of Revenue purchased a new position in shares of Conduent during the 4th quarter worth $215,000. Finally, Yellowstone Partners LLC purchased a new position in shares of Conduent during the 3rd quarter worth $228,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

How to Become a New Pot Stock Millionaire

CNDT opened at $18.76 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.98 and a current ratio of 1.98. Conduent Inc has a fifty-two week low of $14.95 and a fifty-two week high of $20.32. The firm has a market cap of $3,935.77, a P/E ratio of 22.00 and a beta of -0.69.

Conduent (NYSE:CNDT) last released its earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Conduent had a net margin of 3.01% and a return on equity of 5.53%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $0.29 EPS. Conduent’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts expect that Conduent Inc will post 1.09 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Conduent from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. BMO Capital Markets reiterated a “market perform” rating and set a $19.00 price target (up previously from $17.00) on shares of Conduent in a research note on Thursday, February 22nd. Susquehanna Bancshares assumed coverage on shares of Conduent in a research note on Wednesday, March 7th. They set a “positive” rating and a $23.00 price target on the stock. Needham & Company LLC upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, March 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price target (up previously from $17.50) on shares of Conduent in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.50.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3334518/teachers-advisors-llc-has-7-66-million-stake-in-conduent-inc-cndt.html.

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).

Want to see what other hedge funds are holding CNDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conduent Inc (NYSE:CNDT).

Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Analysts Anticipate Container Store Group Inc  Will Post Quarterly Sales of $231.21 Million
Zacks: Analysts Anticipate Container Store Group Inc Will Post Quarterly Sales of $231.21 Million
Emphy  Price Reaches $0.15 on Top Exchanges
Emphy Price Reaches $0.15 on Top Exchanges
CanYaCoin Trading 21.5% Higher  This Week
CanYaCoin Trading 21.5% Higher This Week
$214.56 Million in Sales Expected for Wheaton Precious Metals Co.  This Quarter
$214.56 Million in Sales Expected for Wheaton Precious Metals Co. This Quarter
Brokerages Anticipate Del Frisco’s Restaurant Group  Will Post Quarterly Sales of $85.62 Million
Brokerages Anticipate Del Frisco’s Restaurant Group Will Post Quarterly Sales of $85.62 Million
White Gold Corp.  Director David D’onofrio Acquires 49,000 Shares
White Gold Corp. Director David D’onofrio Acquires 49,000 Shares


© 2006-2018 Ticker Report. Google+.