Conduent Inc. (NASDAQ:CNDT) Director Harshavardhan V. Agadi Acquires 100,000 Shares

Conduent Inc. (NASDAQ:CNDT - Get Free Report) Director Harshavardhan V. Agadi acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was purchased at an average price of $2.81 per share, with a total value of $281,000.00. Following the completion of the transaction, the director now owns 100,000 shares of the company's stock, valued at approximately $281,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Conduent Trading Down 1.1%

CNDT stock traded down $0.03 during midday trading on Friday, reaching $2.68. The stock had a trading volume of 4,213,128 shares, compared to its average volume of 1,186,115. The business has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $3.18. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm has a market cap of $433.70 million, a price-to-earnings ratio of 1.96 and a beta of 1.54. Conduent Inc. has a twelve month low of $1.90 and a twelve month high of $4.90.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. The firm had revenue of $751.00 million during the quarter, compared to analyst estimates of $776.00 million. Conduent had a negative return on equity of 11.28% and a net margin of 8.66%. The company's revenue was down 18.5% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. As a group, research analysts expect that Conduent Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Conduent

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new position in shares of Conduent in the 1st quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new position in shares of Conduent in the 1st quarter valued at approximately $28,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Conduent in the 1st quarter valued at approximately $32,000. Picton Mahoney Asset Management grew its position in shares of Conduent by 288.7% in the 4th quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock valued at $35,000 after purchasing an additional 6,524 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of Conduent in the 4th quarter valued at approximately $41,000. 77.28% of the stock is owned by institutional investors.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.