Conduent Inc (CNDT) Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Conduent Inc (NYSE:CNDT) by 23.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,959 shares of the company’s stock after acquiring an additional 9,795 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Conduent were worth $840,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in Conduent by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock valued at $135,000 after acquiring an additional 527 shares during the last quarter. Magnetar Financial LLC grew its stake in shares of Conduent by 29.7% during the third quarter. Magnetar Financial LLC now owns 14,809 shares of the company’s stock worth $232,000 after buying an additional 3,389 shares during the last quarter. Sei Investments Co. grew its stake in shares of Conduent by 24.6% during the third quarter. Sei Investments Co. now owns 18,422 shares of the company’s stock worth $288,000 after buying an additional 3,635 shares during the last quarter. Yellowstone Partners LLC grew its stake in shares of Conduent by 27.2% during the fourth quarter. Yellowstone Partners LLC now owns 18,528 shares of the company’s stock worth $299,000 after buying an additional 3,962 shares during the last quarter. Finally, Lapides Asset Management LLC grew its stake in shares of Conduent by 4.7% during the third quarter. Lapides Asset Management LLC now owns 111,800 shares of the company’s stock worth $1,752,000 after buying an additional 5,000 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on CNDT shares. Zacks Investment Research raised shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, January 1st. BidaskClub raised shares of Conduent from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 target price on shares of Conduent in a research note on Friday, November 10th. Cross Research raised shares of Conduent from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, BMO Capital Markets decreased their target price on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Conduent has a consensus rating of “Hold” and a consensus target price of $19.60.

Shares of Conduent Inc (NYSE:CNDT) opened at $15.90 on Thursday. The firm has a market cap of $3,279.78 and a price-to-earnings ratio of -3.28. Conduent Inc has a one year low of $14.86 and a one year high of $18.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 1.74.

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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).

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Institutional Ownership by Quarter for Conduent (NYSE:CNDT)

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