Shares now unchanged at $15.67 (CNDT) Conduent’s Work in Banking, Healthcare,…


Conduent Incorporated (NYSE:CNDT):

Conduent’s Work in Banking, Healthcare, and Business Services Recognized by Everest Group.

The company is unchanged since yesterday’s close of 15.67.

Company shares are trading at $15.67 barely below $16.00, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $16.00. The 50 day moving average went down $-0.33 or -2.09% and the 200 day average went down $-0.33 or -2.09%.

As of the latest earnings report the EPS was $-4.75 and is projected to be $0.76 for the current year with 210,150,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.23 and the next full year EPS is projected to be $0.97.

Investors are a little more bullish on Conduent Incorporated of late if you evaluate the decrease in short interest. The firm had a fall in short interest from August 15, 2017 to August 31, 2017 of -2.34%. Short shares decreased 187,620 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares was 0.04% on August 31.

A few Wall Street investment firms have weighed in on CNDT recently. On September 14 analysts at Needham started covering CNDT with an initial rating of “Hold”.