Conduent Inc (NYSE:CNDT) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.21 and last traded at $21.10, with a volume of 91585 shares. The stock had previously closed at $20.43.

A number of research analysts have recently issued reports on CNDT shares. BMO Capital Markets restated a “hold” rating on shares of Conduent in a research report on Wednesday, June 13th. Zacks Investment Research downgraded shares of Conduent from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Morgan Stanley raised their price target on shares of Conduent from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 12th. Finally, JPMorgan Chase & Co. downgraded shares of Conduent to a “buy” rating and set a $24.00 price target on the stock. in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.00.

The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 25.15 and a beta of -0.70. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.57.

Conduent (NYSE:CNDT) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Conduent had a net margin of 2.63% and a return on equity of 6.53%. Conduent’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. sell-side analysts expect that Conduent Inc will post 1.08 EPS for the current year.

A number of large investors have recently modified their holdings of CNDT. Raymond James & Associates lifted its position in Conduent by 40.0% in the 4th quarter. Raymond James & Associates now owns 25,599 shares of the company’s stock valued at $414,000 after purchasing an additional 7,316 shares during the last quarter. Wells Fargo & Company MN lifted its position in Conduent by 76.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,822,441 shares of the company’s stock valued at $71,251,000 after purchasing an additional 1,658,038 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Conduent by 0.9% in the 1st quarter. Frontier Capital Management Co. LLC now owns 9,328,203 shares of the company’s stock valued at $173,878,000 after purchasing an additional 78,677 shares during the last quarter. Mackay Shields LLC bought a new stake in Conduent in the 1st quarter valued at about $6,461,000. Finally, Trexquant Investment LP lifted its position in Conduent by 35.1% in the 1st quarter. Trexquant Investment LP now owns 53,770 shares of the company’s stock valued at $1,002,000 after purchasing an additional 13,972 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Conduent Company Profile (NYSE:CNDT)

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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