Conduent Incorporated (NASDAQ:CNDT) EVP Acquires $32,011.36 in Stock

Conduent Incorporated (NASDAQ:CNDT) EVP Giles Andrew Goodburn acquired 13,798 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $2.32 per share, for a total transaction of $32,011.36. Following the completion of the acquisition, the executive vice president now owns 331,168 shares of the company’s stock, valued at $768,309.76. This trade represents a 4.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Conduent Trading Up 0.9%

Shares of NASDAQ:CNDT opened at $2.25 on Friday. Conduent Incorporated has a 12 month low of $1.90 and a 12 month high of $4.90. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $3.42. The firm has a market cap of $364.12 million, a price-to-earnings ratio of 1.04 and a beta of 1.52.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. The firm had revenue of $751.00 million for the quarter, compared to analyst estimates of $776.00 million. During the same period in the previous year, the business earned $0.46 EPS. The company’s revenue was down 18.5% compared to the same quarter last year. As a group, research analysts forecast that Conduent Incorporated will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Conduent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNDT. Barclays PLC increased its stake in Conduent by 233.0% in the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock valued at $1,096,000 after buying an additional 190,269 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Conduent by 174.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock valued at $2,068,000 after buying an additional 326,118 shares during the last quarter. Howard Financial Services LTD. increased its stake in Conduent by 1,500.0% in the 4th quarter. Howard Financial Services LTD. now owns 160,000 shares of the company’s stock valued at $646,000 after buying an additional 150,000 shares during the last quarter. Empowered Funds LLC increased its stake in Conduent by 5.1% in the 4th quarter. Empowered Funds LLC now owns 838,675 shares of the company’s stock valued at $3,388,000 after buying an additional 41,021 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Conduent by 1.5% in the 4th quarter. Rhumbline Advisers now owns 255,334 shares of the company’s stock valued at $1,032,000 after buying an additional 3,775 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors and hedge funds.

About Conduent

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.