Lombard Odier Asset Management USA Corp Has $221,000 Stock Position in Conduent Incorporated (NASDAQ:CNDT)

Lombard Odier Asset Management USA Corp boosted its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 184.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,686 shares of the company’s stock after buying an additional 43,931 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Conduent were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co raised its stake in shares of Conduent by 9.2% in the 1st quarter. Diversified Trust Co now owns 50,866 shares of the company’s stock valued at $172,000 after acquiring an additional 4,306 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in Conduent by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 195,628 shares of the company’s stock valued at $638,000 after buying an additional 5,464 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Conduent by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 134,884 shares of the company’s stock valued at $456,000 after buying an additional 7,890 shares in the last quarter. Guardian Capital LP bought a new position in Conduent in the 1st quarter valued at $34,000. Finally, HTG Investment Advisors Inc. bought a new position in Conduent in the 2nd quarter valued at $37,000. 77.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Conduent from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th.

Conduent Stock Up 1.9 %

CNDT stock opened at $3.82 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $781.51 million, a P/E ratio of -4.24 and a beta of 1.46. The business has a 50-day moving average of $3.71 and a 200-day moving average of $3.49. Conduent Incorporated has a fifty-two week low of $2.40 and a fifty-two week high of $4.20.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.14. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $803.33 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Conduent Incorporated will post -0.53 earnings per share for the current fiscal year.

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.