Conduent Inc (CNDT) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can decreased its position in Conduent Inc (NASDAQ:CNDT) by 77.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,405 shares of the company’s stock after selling 64,591 shares during the period. Great West Life Assurance Co. Can’s holdings in Conduent were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Community Financial Services Group LLC purchased a new position in Conduent in the 1st quarter worth $202,000. Cohen Capital Management Inc. purchased a new position in Conduent in the 2nd quarter worth $1,881,000. Kirr Marbach & Co. LLC IN purchased a new position in Conduent in the 2nd quarter worth $8,922,000. Alpha Windward LLC raised its stake in Conduent by 1.5% in the 2nd quarter. Alpha Windward LLC now owns 34,916 shares of the company’s stock worth $557,000 after acquiring an additional 524 shares during the last quarter. Finally, First Quadrant L P CA raised its stake in Conduent by 79.3% in the 2nd quarter. First Quadrant L P CA now owns 133,907 shares of the company’s stock worth $2,134,000 after acquiring an additional 59,210 shares during the last quarter.

Conduent Inc (CNDT) opened at 16.43 on Wednesday. The company has a 50-day moving average price of $16.18 and a 200-day moving average price of $16.29. The stock’s market cap is $3.45 billion. Conduent Inc has a 52 week low of $13.10 and a 52 week high of $17.12.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Conduent had a negative net margin of 0.27% and a negative return on equity of 0.48%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Conduent’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts anticipate that Conduent Inc will post $0.76 EPS for the current year.

CNDT has been the subject of a number of research analyst reports. Cowen and Company initiated coverage on Conduent in a research note on Friday, May 19th. They issued a “market perform” rating and a $18.00 target price for the company. Citigroup Inc. restated a “buy” rating and issued a $25.00 target price (up previously from $17.00) on shares of Conduent in a research note on Friday, June 9th. Finally, Zacks Investment Research upgraded Conduent from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Conduent has an average rating of “Hold” and an average target price of $18.00.

In other Conduent news, EVP David Amoriell sold 106,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $17.01, for a total value of $1,811,565.00. Following the completion of the transaction, the executive vice president now owns 120,630 shares in the company, valued at $2,051,916.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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