News articles about Conduent (NYSE:CNDT) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conduent earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.3261620789268 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

CNDT stock opened at $22.83 on Friday. Conduent has a twelve month low of $14.95 and a twelve month high of $23.39. The stock has a market cap of $4.82 billion, a P/E ratio of 26.86 and a beta of -0.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.03 and a current ratio of 2.03.

Conduent (NYSE:CNDT) last released its earnings results on Wednesday, August 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. Conduent had a return on equity of 6.53% and a net margin of 2.63%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. sell-side analysts predict that Conduent will post 1.15 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on CNDT shares. BMO Capital Markets raised their price target on Conduent from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, June 11th. Morgan Stanley raised their price target on Conduent from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 12th. Zacks Investment Research raised Conduent from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. Finally, JPMorgan Chase & Co. raised Conduent from a “neutral” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Conduent presently has a consensus rating of “Buy” and a consensus price target of $23.00.

In related news, President David Amoriell sold 33,903 shares of Conduent stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $21.30, for a total transaction of $722,133.90. Following the sale, the president now directly owns 83,888 shares of the company’s stock, valued at $1,786,814.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.04% of the stock is owned by company insiders.

About Conduent

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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