In yesterday’s Wall Street session, Conduent Incorporated (NASDAQ:CNDT) shares traded at $3.70, up 7.87% from the previous session.
2 analysts cover Conduent Incorporated (NASDAQ:CNDT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.15 and a low of $5.15, we find $5.15. Given the previous closing price of $3.43, this indicates a potential upside of 50.15 percent. CNDT stock price is now 9.67% away from the 50-day moving average and -0.66% away from the 200-day moving average. The market capitalization of the company currently stands at $817.52M.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $5.15 as their price target over the next twelve months.
In other news, Skelton Clifford, President and CEO bought 34,418 shares of the company’s stock on May 05. The stock was bought for $100,156 at an average price of $2.91. Upon completion of the transaction, the President and CEO now directly owns 3,447,499 shares in the company, valued at $12.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, EVP, Chief Financial Officer Wood Stephen Henry bought 33,373 shares of the business’s stock. A total of $100,059 was incurred on buying the stock at an average price of $3.00. This leaves the insider owning 697,681 shares of the company worth $2.58 million. Insiders disposed of 938,558 shares of company stock worth roughly $3.47 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 HRT FINANCIAL LP during the first quarter worth $1,579,000. EA SERIES TRUST invested $1,322,000 in shares of CNDT during the first quarter. In the first quarter, EMPOWERED FUNDS, LLC acquired a new stake in Conduent Incorporated valued at approximately $1,322,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in CNDT for approximately $1,155,000. NEW YORK LIFE INVESTMENT MANAGEMENT LLC purchased a new stake in CNDT valued at around $545,000 in the second quarter.
During the past 12 months, Conduent Incorporated has had a low of $2.69 and a high of $4.95. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for CNDT is $3.3770 and a two-hundred day moving average price translates $3.7256 for the stock.
According to the Information Technology Services Company, earnings per share came in at $0, missing analysts’ expectations of $0.05 by -0.05. This compares to $0.61 EPS in the same period last year. The net profit margin was -8.80% and return on equity was -31.20% for CNDT. The company reported revenue of $922.0 million for the quarter, compared to $967.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.65 percent. For the current quarter, analysts expect CNDT to generate $900M in revenue.
