First Quadrant L P CA grew its holdings in shares of Conduent Inc (NASDAQ:CNDT) by 96.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,659 shares of the company’s stock after purchasing an additional 129,752 shares during the quarter. First Quadrant L P CA owned approximately 0.13% of Conduent worth $4,132,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CNDT. The Manufacturers Life Insurance Company lifted its stake in shares of Conduent by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after purchasing an additional 527 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Conduent by 213.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,882 shares of the company’s stock worth $142,000 after buying an additional 6,046 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Conduent during the 2nd quarter worth $161,000. Stevens Capital Management LP acquired a new stake in shares of Conduent during the 2nd quarter worth $161,000. Finally, Advisory Services Network LLC increased its holdings in shares of Conduent by 173.9% during the 2nd quarter. Advisory Services Network LLC now owns 10,913 shares of the company’s stock worth $174,000 after buying an additional 6,929 shares during the last quarter.

Conduent (NASDAQ:CNDT) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Conduent had a negative net margin of 0.27% and a negative return on equity of 0.48%. Conduent’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS.

A number of research firms have recently commented on CNDT. Cowen and Company restated a “hold” rating and set a $18.00 price objective on shares of Conduent in a report on Friday, July 28th. BidaskClub upgraded Conduent from a “strong sell” rating to a “sell” rating in a report on Thursday, October 12th. Zacks Investment Research upgraded Conduent from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, August 2nd. Needham & Company LLC initiated coverage on Conduent in a report on Wednesday, September 13th. They set a “hold” rating for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Conduent in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.14.

In related news, EVP David Amoriell sold 106,500 shares of Conduent stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $17.01, for a total value of $1,811,565.00. Following the transaction, the executive vice president now owns 120,630 shares in the company, valued at approximately $2,051,916.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ILLEGAL ACTIVITY NOTICE: This report was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://theolympiareport.com/2017/11/02/conduent-inc-cndt-holdings-lifted-by-first-quadrant-l-p-ca.html.

About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.