Conduent Incorporated (NASDAQ:CNDT) Stock Position Decreased by Howard Financial Services LTD.

Howard Financial Services LTD. decreased its holdings in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 93.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the company's stock after selling 150,000 shares during the quarter. Howard Financial Services LTD.'s holdings in Conduent were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CNDT. Picton Mahoney Asset Management boosted its stake in Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock valued at $35,000 after buying an additional 6,524 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Conduent during the fourth quarter valued at about $41,000. SilverOak Wealth Management LLC purchased a new stake in shares of Conduent during the fourth quarter valued at $53,000. Bailard Inc. purchased a new stake in shares of Conduent during the fourth quarter valued at $58,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Conduent during the fourth quarter valued at $60,000. Institutional investors own 77.28% of the company's stock.

Conduent Trading Up 3.8%

Shares of NASDAQ CNDT traded up $0.09 during mid-day trading on Tuesday, hitting $2.45. 2,263,935 shares of the company traded hands, compared to its average volume of 1,164,749. Conduent Incorporated has a 1 year low of $1.90 and a 1 year high of $4.90. The stock has a market capitalization of $396.48 million, a price-to-earnings ratio of 1.13 and a beta of 1.52. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $2.24 and a two-hundred day moving average of $3.28.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. The business had revenue of $751.00 million during the quarter, compared to the consensus estimate of $776.00 million. During the same period in the prior year, the business posted $0.46 earnings per share. Conduent's revenue was down 18.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Conduent Incorporated will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Conduent news, EVP Giles Andrew Goodburn acquired 13,798 shares of Conduent stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $2.32 per share, with a total value of $32,011.36. Following the purchase, the executive vice president now owns 331,168 shares in the company, valued at approximately $768,309.76. The trade was a 4.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.98% of the company's stock.

Conduent Profile

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.