Aperio Group LLC Reduces Position in Conduent Inc (CNDT)
Aperio Group LLC cut its position in shares of Conduent Inc (NASDAQ:CNDT) by 32.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,647 shares of the company’s stock after selling 32,489 shares during the period. Aperio Group LLC’s holdings in Conduent were worth $1,078,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Alpha Windward LLC raised its position in shares of Conduent by 1.5% in the second quarter. Alpha Windward LLC now owns 34,916 shares of the company’s stock worth $557,000 after buying an additional 524 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Conduent by 7.1% in the second quarter. Nisa Investment Advisors LLC now owns 30,135 shares of the company’s stock worth $483,000 after buying an additional 2,000 shares during the period. Community Financial Services Group LLC bought a new stake in shares of Conduent during the first quarter worth about $202,000. Cohen Capital Management Inc. bought a new stake in shares of Conduent during the second quarter worth about $1,881,000. Finally, Kirr Marbach & Co. LLC IN bought a new stake in shares of Conduent during the second quarter worth about $8,922,000.
Shares of Conduent Inc (CNDT) traded up 0.8912% during mid-day trading on Wednesday, hitting $16.9699. The company’s stock had a trading volume of 399,872 shares. Conduent Inc has a 12-month low of $13.10 and a 12-month high of $18.15. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $16.15. The company’s market cap is $3.55 billion.
Conduent (NASDAQ:CNDT) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Conduent had a negative return on equity of 1.22% and a negative net margin of 0.64%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis. On average, equities research analysts forecast that Conduent Inc will post $0.76 EPS for the current year.
A number of analysts have issued reports on the company. Cowen and Company reaffirmed a “hold” rating and issued a $18.00 target price on shares of Conduent in a research note on Friday, July 28th. Zacks Investment Research raised 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. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $25.00 target price (up from $17.00) on shares of Conduent in a research note on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.
In other news, EVP David Amoriell sold 3,889 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $16.66, for a total value of $64,790.74. Following the sale, the executive vice president now directly owns 120,630 shares in the company, valued at $2,009,695.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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).
Want to see what other hedge funds are holding CNDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conduent Inc (NASDAQ:CNDT).
Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.