Voya Investment Management LLC Sells 5,406 Shares of Conduent Inc. $CNDT

Voya Investment Management LLC decreased its position in shares of Conduent Inc. (NASDAQ:CNDT) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,204 shares of the company’s stock after selling 5,406 shares during the quarter. Voya Investment Management LLC’s holdings in Conduent were worth $119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Conduent by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,627,507 shares of the company’s stock valued at $23,294,000 after buying an additional 60,398 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Conduent by 32.1% during the first quarter. American Century Companies Inc. now owns 3,110,253 shares of the company’s stock valued at $8,398,000 after buying an additional 755,953 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Conduent by 12.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,199,536 shares of the company’s stock valued at $5,939,000 after buying an additional 235,179 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Conduent by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,962,919 shares of the company’s stock valued at $5,300,000 after buying an additional 11,428 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Conduent by 3.0% during the first quarter. Empowered Funds LLC now owns 864,190 shares of the company’s stock valued at $2,333,000 after buying an additional 25,515 shares during the last quarter. Institutional investors own 77.28% of the company’s stock.

Conduent Stock Up 0.4%

Shares of NASDAQ CNDT opened at $2.81 on Thursday. Conduent Inc. has a one year low of $1.90 and a one year high of $4.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. The business’s fifty day moving average price is $2.71 and its 200-day moving average price is $2.56. The stock has a market capitalization of $443.90 million, a PE ratio of 70.27 and a beta of 1.35.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. Conduent had a negative return on equity of 9.88% and a net margin of 0.64%.The firm had revenue of $754.00 million for the quarter, compared to analysts’ expectations of $777.00 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Conduent Inc. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CNDT. Singular Research raised Conduent to a “strong-buy” rating in a research report on Tuesday, August 19th. Wall Street Zen raised Conduent from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Conduent has a consensus rating of “Strong Buy”.

Conduent 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.