Conduent (NASDAQ:CNDT) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Conduent (NASDAQ:CNDT) from a strong sell rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Conduent from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, November 9th. Zacks Research lowered shares of Conduent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Conduent Stock Up 0.8%

CNDT stock traded up $0.01 on Friday, hitting $1.25. 752,002 shares of the company’s stock were exchanged, compared to its average volume of 1,275,052. The firm has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $1.53. Conduent has a 12-month low of $1.15 and a 12-month high of $2.12. The stock has a market cap of $194.60 million, a P/E ratio of -0.81 and a beta of 1.47. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.41 and a current ratio of 1.41.

Conduent (NASDAQ:CNDT) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The business had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $545.67 million. Conduent had a negative net margin of 9.03% and a negative return on equity of 10.66%. As a group, equities research analysts expect that Conduent will post -0.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Conduent

Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Conduent by 6.6% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 198,890 shares of the company’s stock worth $310,000 after acquiring an additional 12,390 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Conduent by 30.9% during the 2nd quarter. Headlands Technologies LLC now owns 54,683 shares of the company’s stock worth $80,000 after acquiring an additional 12,919 shares during the period. StoneX Group Inc. purchased a new position in shares of Conduent during the 3rd quarter worth $27,000. Nierenberg Investment Management Company LLC acquired a new position in shares of Conduent during the 2nd quarter valued at about $25,630. Finally, GSA Capital Partners LLP acquired a new position in shares of Conduent during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

About Conduent

Conduent Incorporated is a business services and technology company that helps government agencies and commercial organizations manage complex, high-volume operations. Its services combine digital platforms, data processing and customer support to handle tasks such as payments, claims and customer interactions. For government clients, Conduent supports public programs and services, including benefits administration and healthcare-related operations. For businesses, it provides solutions such as customer experience management, transaction processing and payment services.