Howard Financial Services LTD. Has $27,000 Holdings in Conduent Incorporated (NASDAQ:CNDT)

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its holdings in shares of Conduent by 5.1% during the fourth quarter. Empowered Funds LLC now owns 838,675 shares of the company's stock valued at $3,388,000 after purchasing an additional 41,021 shares during the period. Rhumbline Advisers raised its position in shares of Conduent by 1.5% during the 4th quarter. Rhumbline Advisers now owns 255,334 shares of the company's stock worth $1,032,000 after buying an additional 3,775 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Conduent by 36.6% in the 4th quarter. New York State Common Retirement Fund now owns 35,187 shares of the company's stock worth $142,000 after acquiring an additional 9,436 shares during the period. SilverOak Wealth Management LLC bought a new position in shares of Conduent in the fourth quarter valued at approximately $53,000. Finally, Bailard Inc. bought a new position in shares of Conduent in the fourth quarter valued at approximately $58,000. Institutional investors own 77.28% of the company's stock.

Conduent Price Performance

NASDAQ:CNDT traded up $0.01 during midday trading on Wednesday, hitting $2.46. 501,259 shares of the stock were exchanged, compared to its average volume of 1,162,409. The company has a market capitalization of $398.10 million, a price-to-earnings ratio of 1.14 and a beta of 1.54. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73. Conduent Incorporated has a one year low of $1.90 and a one year high of $4.90. The business has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $3.27.

Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. The company had revenue of $751.00 million for the quarter, compared to analysts' expectations of $776.00 million. Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. The firm's revenue for the quarter was down 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Sell-side analysts predict that Conduent Incorporated will post -0.34 EPS for the current year.

Insiders Place Their Bets

In other Conduent news, EVP Giles Andrew Goodburn purchased 13,798 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $2.32 per share, for a total transaction of $32,011.36. Following the completion of the transaction, the executive vice president now owns 331,168 shares in the company, valued at $768,309.76. This represents a 4.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.98% of the stock is owned by company insiders.

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.