Cerity Partners LLC Invests $81,000 in Conduent Incorporated (NASDAQ:CNDT)

Cerity Partners LLC acquired a new stake in shares of Conduent Incorporated (NASDAQ:CNDT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,313 shares of the company’s stock, valued at approximately $81,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC bought a new stake in shares of Conduent in the 4th quarter valued at about $36,000. Qtron Investments LLC acquired a new stake in Conduent in the third quarter valued at approximately $51,000. Sherbrooke Park Advisers LLC purchased a new position in Conduent in the third quarter worth $54,000. Principal Financial Group Inc. increased its position in shares of Conduent by 39.2% during the third quarter. Principal Financial Group Inc. now owns 25,470 shares of the company’s stock worth $89,000 after purchasing an additional 7,174 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Conduent during the third quarter worth $155,000. Institutional investors own 77.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com downgraded Conduent from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Noble Financial initiated coverage on shares of Conduent in a report on Thursday, March 14th. They set an “outperform” rating and a $9.00 price objective on the stock.

Conduent Trading Down 4.5 %

NASDAQ:CNDT opened at $3.15 on Wednesday. The company has a market capitalization of $657.22 million, a P/E ratio of -2.25 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.97. Conduent Incorporated has a 12 month low of $2.40 and a 12 month high of $3.81. The firm has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $3.29.

Conduent (NASDAQ:CNDT) last issued its earnings results on Wednesday, February 14th. The company reported $0.03 earnings per share (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 the consensus estimate of $930.00 million. Conduent’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. On average, equities research analysts anticipate that Conduent Incorporated will post 1.06 earnings per share for the current year.

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.