Conduent Inc (NYSE:CNDT) reached a new 52-week low during trading on Wednesday . The stock traded as low as $5.24 and last traded at $5.27, with a volume of 61224 shares changing hands. The stock had previously closed at $5.46.

CNDT has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Conduent from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. ValuEngine upgraded Conduent from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Zacks Investment Research upgraded Conduent from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Conduent presently has a consensus rating of “Hold” and a consensus target price of $10.00.

The company has a 50-day moving average price of $6.08 and a two-hundred day moving average price of $6.78. The stock has a market capitalization of $1.10 billion, a P/E ratio of 4.75 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.92.

Conduent (NYSE:CNDT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Conduent had a positive return on equity of 6.33% and a negative net margin of 32.11%. The company’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, sell-side analysts expect that Conduent Inc will post 0.62 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of Conduent by 1,014.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,687 shares of the company’s stock worth $26,000 after purchasing an additional 2,446 shares during the last quarter. HM Payson & Co. bought a new position in shares of Conduent in the second quarter worth approximately $67,000. US Bancorp DE increased its position in shares of Conduent by 47.2% in the second quarter. US Bancorp DE now owns 13,362 shares of the company’s stock worth $128,000 after purchasing an additional 4,287 shares during the last quarter. World Asset Management Inc increased its position in shares of Conduent by 28.1% in the third quarter. World Asset Management Inc now owns 13,473 shares of the company’s stock worth $84,000 after purchasing an additional 2,952 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Conduent by 29.5% in the second quarter. MAI Capital Management now owns 13,970 shares of the company’s stock worth $134,000 after purchasing an additional 3,185 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.

Conduent Company Profile (NYSE:CNDT)

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and Europe. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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