Conduent Inc (CNDT) Director A. Scott Letier Purchases 2,500 Shares

Conduent Inc (NYSE:CNDT) Director A. Scott Letier purchased 2,500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $8.20 per share, with a total value of $20,500.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at approximately $36,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE CNDT opened at $8.77 on Wednesday. Conduent Inc has a 12-month low of $7.14 and a 12-month high of $23.39. The firm has a market capitalization of $1.79 billion, a P/E ratio of 8.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.28 and a quick ratio of 1.28.

Conduent (NYSE:CNDT) last announced its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Conduent had a negative net margin of 13.14% and a positive return on equity of 6.61%. The firm’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, analysts forecast that Conduent Inc will post 0.8 earnings per share for the current year.



Several analysts recently issued reports on the company. Zacks Investment Research upgraded Conduent from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Citigroup downgraded Conduent from a “buy” rating to a “neutral” rating and set a $9.50 price target for the company. in a report on Thursday, May 9th. Needham & Company LLC lowered their price target on Conduent from $25.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 9th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price target on shares of Conduent in a report on Wednesday, February 20th. Finally, Cross Research downgraded Conduent from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Conduent by 12.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 896,635 shares of the company’s stock valued at $12,401,000 after acquiring an additional 98,844 shares in the last quarter. Caption Management LLC grew its stake in shares of Conduent by 33.3% during the first quarter. Caption Management LLC now owns 60,000 shares of the company’s stock valued at $830,000 after acquiring an additional 15,000 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Conduent by 61.5% during the first quarter. AQR Capital Management LLC now owns 4,986,705 shares of the company’s stock valued at $68,966,000 after acquiring an additional 1,898,904 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Conduent during the first quarter valued at about $274,000. Finally, Hilton Capital Management LLC acquired a new stake in shares of Conduent during the first quarter valued at about $83,000. Institutional investors own 87.94% of the company’s stock.

WARNING: “Conduent Inc (CNDT) Director A. Scott Letier Purchases 2,500 Shares” was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://dakotafinancialnews.com/2019/05/15/conduent-inc-cndt-director-a-scott-letier-purchases-2500-shares.html.

Conduent Company Profile

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and Europe. 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.

Featured Story: Understanding Average Daily Trade Volume

Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.