Conduent (NASDAQ:CNDT) Stock Price Down 5% – Should You Sell?

Conduent Incorporated (NASDAQ:CNDT)’s stock price traded down 5% during trading on Monday . The stock traded as low as $4.19 and last traded at $4.19. 431,393 shares were traded during trading, a decline of 62% from the average session volume of 1,127,374 shares. The stock had previously closed at $4.41.

Conduent Price Performance

The company has a market capitalization of $665.14 million, a price-to-earnings ratio of 1.83 and a beta of 1.46. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $3.74.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm’s revenue was down 13.4% on a year-over-year basis. As a group, research analysts predict that Conduent Incorporated will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Conduent

A number of large investors have recently modified their holdings of the stock. HTG Investment Advisors Inc. bought a new position in Conduent during the 2nd quarter worth approximately $37,000. Algert Global LLC bought a new position in Conduent during the 2nd quarter worth approximately $52,000. Oppenheimer Asset Management Inc. bought a new position in Conduent during the 2nd quarter worth approximately $80,000. Point72 DIFC Ltd lifted its holdings in Conduent by 127.9% during the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock worth $89,000 after buying an additional 15,254 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Conduent during the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Company 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.