Dynamic Technology Lab Private Ltd boosted its position in shares of Conduent Inc. (NYSE:CNDT) by 448.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,557 shares of the company’s stock after purchasing an additional 97,741 shares during the quarter. Conduent comprises about 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 22nd biggest position. Dynamic Technology Lab Private Ltd owned 0.06% of Conduent worth $1,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its holdings in Conduent by 0.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock worth $220,000 after purchasing an additional 98 shares during the period. The Manufacturers Life Insurance Company boosted its position in Conduent by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock valued at $135,000 after acquiring an additional 527 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Conduent by 7.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 30,135 shares of the company’s stock valued at $483,000 after acquiring an additional 2,000 shares in the last quarter. Nordea Investment Management AB boosted its position in Conduent by 3.1% during the 2nd quarter. Nordea Investment Management AB now owns 68,339 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Conduent by 20.7% during the 2nd quarter. Sei Investments Co. now owns 14,787 shares of the company’s stock valued at $235,000 after acquiring an additional 2,533 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

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Several brokerages have issued reports on CNDT. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Cowen and Company reaffirmed a “hold” rating and set a $18.00 target price on shares of Conduent in a research report on Friday, July 28th. BidaskClub raised Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Needham & Company LLC began coverage on Conduent in a research report on Wednesday, September 13th. They set a “hold” rating on the stock. Finally, BMO Capital Markets dropped their target price on Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Conduent has a consensus rating of “Hold” and an average target price of $18.43.

Conduent Inc. (NYSE CNDT) traded down $0.03 during trading on Friday, hitting $15.50. The stock had a trading volume of 1,029,930 shares, compared to its average volume of 2,767,391. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market cap of $3,260.84 and a PE ratio of 18.67. Conduent Inc. has a 52-week low of $13.10 and a 52-week high of $18.15.

Conduent (NYSE:CNDT) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Conduent had a positive return on equity of 5.45% and a negative net margin of 16.18%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. equities research analysts forecast that Conduent Inc. will post 0.8 EPS for the current year.

Conduent Company Profile

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).

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Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

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