Stocks of Conduent Incorporated (NASDAQ:CNDT) traded higher last session on Wall Street, down -1.46% to $4.05.
According to the data, Conduent Incorporated (NASDAQ:CNDT) has 3 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.75 and a low of $3.75, we find $3.75. Given the previous closing price of $4.11, this indicates a potential downside of -8.76 percent. CNDT stock price is now 3.52% away from the 50-day moving average and -7.36% away from the 200-day moving average. The market capitalization of the company currently stands at $887.40M.
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A total of 3 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $3.75 as their price target over the next twelve months.
, while ‘Needham’ rates the stock as ‘Buy’.
In other news, Skelton Clifford, President and CEO bought 47,675 shares of the company’s stock on Aug 04. The stock was bought for $201,617 at an average price of $4.23. Upon completion of the transaction, the President and CEO now directly owns 2,862,831 shares in the company, valued at $11.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04, EVP, Chief Financial Officer Wood Stephen Henry bought 47,455 shares of the business’s stock. A total of $199,786 was incurred on buying the stock at an average price of $4.21. This leaves the insider owning 478,379 shares of the company worth $1.94 million. Insiders disposed of 131,978 shares of company stock worth roughly $0.53 million over the past 1 year. A total of 2.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNDT stock. A new stake in Conduent Incorporated shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $26,436,000. O’SHAUGHNESSY ASSET MANAGEMENT, LLC invested $454,000 in shares of CNDT during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in Conduent Incorporated valued at approximately $277,000. HRT FINANCIAL LP acquired a new stake in CNDT for approximately $267,000. MOODY NATIONAL BANK TRUST DIVISION purchased a new stake in CNDT valued at around $246,000 in the second quarter. In total, there are 314 active investors with 83.20% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $4.0500 for Conduent Incorporated (NASDAQ: CNDT). During the past 12 months, Conduent Incorporated has had a low of $3.29 and a high of $6.32. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for CNDT is $3.9230 and a two-hundred day moving average price translates $4.3684 for the stock.
The latest earnings results from Conduent Incorporated (NASDAQ: CNDT) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.05 by -0.02. This compares to $0.05 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 8.40% for CNDT. The company reported revenue of $977.0 million for the quarter, compared to $1.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.88 percent. For the current quarter, analysts expect CNDT to generate $978M in revenue.
Conduent Incorporated(CNDT) Company Profile
Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services. The Government Services segment provides government-centric business process services to the United States federal, state, local, and foreign governments for public assistance, program administration, transaction processing, and payment services; medical management and fiscal agent care management services; and government healthcare, payment solutions, child support, and federal services. The Transportation segment offers systems and support comprising mission-critical mobility and payment solutions to government clients. This segment also provides electronic tolling, urban congestion management, and mileage-based user solutions; transit solutions; citation and permit administration, parking enforcement, and curbside demand management solutions; and computer-aided dispatch/automatic vehicle location solutions. Conduent Incorporated was founded in 2016 and is headquartered in Florham Park, New Jersey.
