Conduent (NASDAQ:CNDT) Stock Price Down 5% – Should You Sell?

Conduent Incorporated (NASDAQ:CNDT) shares fell 5% during trading on Monday . The company traded as low as $4.19 and last traded at $4.19. 431,393 shares changed hands during trading, a decline of 62% from the average session volume of 1,127,374 shares. The stock had previously closed at $4.41.

Conduent Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a 50-day simple moving average of $3.95 and a 200 day simple moving average of $3.74. The company has a market capitalization of $665.14 million, a PE ratio of 1.83 and a beta of 1.46.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The business had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. During the same period in the prior year, the business earned ($0.09) earnings per share. The business’s revenue was down 13.4% on a year-over-year basis. Equities analysts anticipate that Conduent Incorporated will post -0.45 EPS for the current fiscal year.

Institutional Trading of Conduent

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in Conduent by 233.6% during the second quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock worth $110,000 after buying an additional 23,704 shares during the period. Bank of New York Mellon Corp lifted its position in Conduent by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 662,447 shares of the company’s stock worth $2,160,000 after buying an additional 28,209 shares during the period. Panagora Asset Management Inc. lifted its position in Conduent by 25.0% during the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock worth $3,165,000 after buying an additional 194,250 shares during the period. HTG Investment Advisors Inc. purchased a new position in Conduent during the second quarter worth about $37,000. Finally, Headlands Technologies LLC increased its stake in Conduent by 140.0% during the second quarter. Headlands Technologies LLC now owns 34,476 shares of the company’s stock worth $112,000 after acquiring an additional 20,110 shares during the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

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.