Conduent Incorporated (NASDAQ:CNDT) Holdings Boosted by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY boosted its position in shares of Conduent Incorporated (NASDAQ:CNDT) by 122,488.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,132 shares of the company’s stock after purchasing an additional 44,096 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Conduent were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNDT. Stifel Financial Corp grew its position in Conduent by 17.3% during the 1st quarter. Stifel Financial Corp now owns 12,223 shares of the company’s stock worth $81,000 after purchasing an additional 1,800 shares in the last quarter. HRT Financial LP purchased a new position in Conduent during the 1st quarter worth approximately $305,000. Ameriprise Financial Inc. grew its position in Conduent by 76.9% during the 1st quarter. Ameriprise Financial Inc. now owns 429,794 shares of the company’s stock worth $2,862,000 after purchasing an additional 186,797 shares in the last quarter. Captrust Financial Advisors grew its position in Conduent by 53,625.0% during the 1st quarter. Captrust Financial Advisors now owns 6,447 shares of the company’s stock worth $43,000 after purchasing an additional 6,435 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Conduent by 40.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,301 shares of the company’s stock worth $475,000 after purchasing an additional 20,471 shares in the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock.

Shares of CNDT opened at $5.45 on Thursday. The company has a market capitalization of $1.16 billion, a PE ratio of -108.98 and a beta of 1.89. Conduent Incorporated has a one year low of $4.10 and a one year high of $8.50. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.53 and a quick ratio of 1.53. The company’s fifty day moving average price is $6.46 and its 200 day moving average price is $6.95.

Conduent (NASDAQ:CNDT) last announced its earnings results on Thursday, November 4th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Conduent had a net margin of 0.02% and a return on equity of 14.56%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Analysts anticipate that Conduent Incorporated will post 0.69 earnings per share for the current year.

CNDT has been the subject of a number of research reports. Needham & Company LLC lowered shares of Conduent from a “buy” rating to a “hold” rating in a research note on Tuesday, November 9th. Zacks Investment Research lowered shares of Conduent from a “buy” rating to a “hold” rating in a research note on Monday, October 11th. TheStreet raised shares of Conduent from a “d” rating to a “c-” rating in a research note on Wednesday, October 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Conduent from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 17th.

About Conduent

Conduent, Inc engages in the provision of business process services with expertise in transaction-intensive processing, analytics, and automation. It operates through the following segments: Commercial Industries, Government Services and Transportation. The Commercial Industries segment provides business process services and customized solutions to clients in a variety of industries.

Further Reading: Index Funds

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Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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