Conduent Inc. (NASDAQ:CNDT - Free Report) - Analysts at Sidoti Csr reduced their Q3 2026 earnings estimates for shares of Conduent in a research note issued to investors on Thursday, August 7th. Sidoti Csr analyst M. Riddick now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Conduent's current full-year earnings is ($0.34) per share. Sidoti Csr also issued estimates for Conduent's Q4 2026 earnings at $0.11 EPS.
Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The company had revenue of $754.00 million during the quarter, compared to the consensus estimate of $777.00 million. Conduent had a net margin of 0.64% and a negative return on equity of 9.88%. Conduent's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS.
Conduent Stock Performance
CNDT traded up $0.01 on Monday, hitting $2.50. The company's stock had a trading volume of 216,329 shares, compared to its average volume of 1,162,955. The company's 50 day simple moving average is $2.66 and its 200-day simple moving average is $2.79. The firm has a market cap of $394.14 million, a P/E ratio of 62.39 and a beta of 1.66. Conduent has a 12 month low of $1.90 and a 12 month high of $4.90. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.81.
Institutional Trading of Conduent
Several institutional investors and hedge funds have recently bought and sold shares of CNDT. JPMorgan Chase & Co. lifted its stake in Conduent by 526.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,216,978 shares of the company's stock worth $12,997,000 after purchasing an additional 2,703,849 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Conduent by 27.2% during the 4th quarter. Wells Fargo & Company MN now owns 94,545 shares of the company's stock valued at $382,000 after buying an additional 20,217 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Conduent by 14.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 44,438 shares of the company's stock valued at $180,000 after buying an additional 5,494 shares in the last quarter. Invesco Ltd. raised its position in shares of Conduent by 2.0% during the 4th quarter. Invesco Ltd. now owns 618,024 shares of the company's stock valued at $2,497,000 after buying an additional 12,396 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Conduent by 10.0% during the 4th quarter. Renaissance Technologies LLC now owns 2,510,399 shares of the company's stock valued at $10,142,000 after buying an additional 227,899 shares in the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Conduent
In other news, Director Harshavardhan V. Agadi bought 100,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were acquired at an average cost of $2.81 per share, for a total transaction of $281,000.00. Following the purchase, the director directly owned 100,000 shares of the company's stock, valued at $281,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.98% of the stock is owned by corporate insiders.
About Conduent
(
Get Free Report)
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.
See Also
Before you consider Conduent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduent wasn't on the list.
While Conduent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access