Conduent (NASDAQ:CNDT – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Separately, Noble Financial began coverage on shares of Conduent in a research note on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price objective on the stock.
Read Our Latest Report on CNDT
Conduent Price Performance
Conduent (NASDAQ:CNDT – Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $953.00 million during the quarter, compared to analyst estimates of $930.00 million. Conduent had a negative net margin of 5.13% and a negative return on equity of 2.48%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. As a group, research analysts expect that Conduent will post 1.06 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC acquired a new stake in shares of Conduent in the 4th quarter valued at approximately $36,000. NewEdge Wealth LLC acquired a new stake in Conduent in the fourth quarter valued at approximately $48,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Conduent during the fourth quarter worth $48,000. Qtron Investments LLC acquired a new position in shares of Conduent during the third quarter worth $51,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Conduent in the 3rd quarter valued at $54,000. Institutional investors own 77.28% of the company’s stock.
Conduent Company Profile
Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.
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