Conduent Incorporated (NASDAQ:CNDT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in Conduent Incorporated (NASDAQ:CNDTFree Report) by 61.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,986 shares of the company’s stock after selling 86,017 shares during the period. Public Employees Retirement System of Ohio’s holdings in Conduent were worth $184,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNDT. Point72 Middle East FZE bought a new position in Conduent in the 4th quarter valued at about $25,000. Quadrature Capital Ltd bought a new position in Conduent in the 3rd quarter valued at about $41,000. Captrust Financial Advisors grew its position in Conduent by 31.9% in the 2nd quarter. Captrust Financial Advisors now owns 10,067 shares of the company’s stock valued at $43,000 after buying an additional 2,437 shares in the last quarter. XTX Topco Ltd bought a new position in Conduent in the 1st quarter valued at about $43,000. Finally, Advisor Group Holdings Inc. grew its position in Conduent by 65.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 11,272 shares of the company’s stock valued at $46,000 after buying an additional 4,479 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Performance

NASDAQ:CNDT opened at $3.38 on Friday. Conduent Incorporated has a twelve month low of $2.40 and a twelve month high of $3.81. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average of $3.46 and a 200-day moving average of $3.32. The firm has a market cap of $709.73 million, a price-to-earnings ratio of -2.41 and a beta of 1.59.

Conduent (NASDAQ:CNDTGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $953.00 million for the quarter, compared to the consensus estimate of $930.00 million. During the same period last year, the business posted $0.01 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts forecast that Conduent Incorporated will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CNDT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Noble Financial started coverage on shares of Conduent in a research report on Thursday, March 14th. They set an “outperform” rating and a $9.00 price objective for the company.

Check Out Our Latest Analysis on CNDT

About Conduent

(Free Report)

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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Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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