Key Points
- Conduent director Hernandez Margarita Palau purchased 50,000 shares on February 18 at an average price of $1.45 per share for a total of $72,500, a transaction disclosed in an SEC filing.
- CNDT trades around $1.59 with a market cap of about $243 million and a 52-week range of $1.18–$3.94, while its 50‑day and 200‑day SMAs sit at $1.76 and $2.21 respectively.
- Conduent recently missed earnings and revenue estimates (reported -$0.09 EPS vs. -$0.06 expected; $770M revenue vs. $790.5M expected), has negative margins and ROE, and faces mixed analyst ratings despite a MarketBeat consensus of "Moderate Buy."
Conduent Inc. (NASDAQ:CNDT - Get Free Report) Director Hernandez Margarita Palau bought 50,000 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of $1.45 per share, with a total value of $72,500.00. Following the purchase, the director directly owned 50,000 shares of the company's stock, valued at $72,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Conduent Price Performance
CNDT opened at $1.59 on Friday. The stock has a market capitalization of $243.10 million, a P/E ratio of -1.42 and a beta of 1.31. Conduent Inc. has a one year low of $1.18 and a one year high of $3.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.64. The company's 50 day simple moving average is $1.76 and its 200-day simple moving average is $2.21.
Conduent (NASDAQ:CNDT - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $770.00 million for the quarter, compared to analyst estimates of $790.50 million. Conduent had a negative return on equity of 7.82% and a negative net margin of 5.59%.The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) earnings per share. Sell-side analysts anticipate that Conduent Inc. will post -0.34 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on CNDT shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Conduent in a research note on Wednesday, January 21st. Wall Street Zen raised Conduent from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Conduent has a consensus rating of "Moderate Buy".
Check Out Our Latest Report on Conduent
Institutional Trading of Conduent
A number of large investors have recently bought and sold shares of CNDT. Susquehanna Fundamental Investments LLC bought a new stake in Conduent in the 4th quarter valued at about $460,000. Occudo Quantitative Strategies LP boosted its holdings in Conduent by 32.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 131,160 shares of the company's stock worth $252,000 after buying an additional 31,851 shares during the period. Millennium Management LLC grew its stake in Conduent by 52.3% in the 4th quarter. Millennium Management LLC now owns 617,135 shares of the company's stock valued at $1,185,000 after buying an additional 211,970 shares in the last quarter. Miller Value Partners LLC lifted its holdings in Conduent by 38.5% during the 4th quarter. Miller Value Partners LLC now owns 5,583,385 shares of the company's stock worth $10,720,000 after purchasing an additional 1,552,560 shares in the last quarter. Finally, Moore Capital Management LP lifted its holdings in shares of Conduent by 308.0% in the fourth quarter. Moore Capital Management LP now owns 502,627 shares of the company's stock worth $965,000 after buying an additional 379,438 shares in the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.
Conduent Company Profile
(
Get Free Report)
Conduent Incorporated is a global provider of diversified business process services with a focus on delivering digital platforms and automation solutions. The company serves clients across a variety of industries including healthcare, transportation, public sector, financial services and human resources. By combining technology-enabled services with data analytics and artificial intelligence, Conduent helps organizations streamline operations, enhance customer experiences and improve overall efficiency.
Key offerings from Conduent encompass customer engagement and transaction processing, digital payment solutions, eligibility and enrollment services for health and welfare programs, and workforce management tools.
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