45,000 Shares in Conduent Inc (CNDT) Acquired by Caption Management LLC

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Caption Management LLC purchased a new position in shares of Conduent Inc (NYSE:CNDT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in Conduent during the 4th quarter worth about $75,000. Signition LP bought a new stake in Conduent during the 4th quarter worth about $113,000. Trust Asset Management LLC raised its holdings in Conduent by 2,152.0% during the 3rd quarter. Trust Asset Management LLC now owns 93,638 shares of the company’s stock worth $123,000 after purchasing an additional 89,480 shares during the last quarter. Group One Trading L.P. raised its holdings in Conduent by 673.6% during the 3rd quarter. Group One Trading L.P. now owns 6,046 shares of the company’s stock worth $136,000 after purchasing an additional 7,100 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Conduent during the 3rd quarter worth about $157,000. Institutional investors and hedge funds own 87.65% of the company’s stock.

Shares of CNDT stock traded up $0.14 on Thursday, reaching $12.72. The company had a trading volume of 12,031 shares, compared to its average volume of 2,398,862. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $2.66 billion, a PE ratio of 14.80 and a beta of 1.06. Conduent Inc has a 12 month low of $9.68 and a 12 month high of $23.39.

Conduent (NYSE:CNDT) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Conduent had a negative net margin of 1.21% and a positive return on equity of 6.88%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. As a group, research analysts anticipate that Conduent Inc will post 1.06 earnings per share for the current year.

Several analysts have weighed in on the company. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. SunTrust Banks lowered their price target on Conduent to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. Morgan Stanley set a $16.00 price target on Conduent and gave the company a “hold” rating in a research note on Thursday, November 8th. ValuEngine cut Conduent from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Finally, TheStreet cut Conduent from a “c-” rating to a “d+” rating in a research note on Monday, December 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.57.

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Conduent Profile

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

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