Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Following the transaction, Agadi directly holds 88,556 shares and also indirectly owns 100,000 shares through GHS Holdings LLC Defined Benefit Pension Plan. With a market capitalization of $444 million, CONDUENT has shown strong return over the last month despite volatile price movements. InvestingPro subscribers have access to 14 additional key insights about CONDUENT, including detailed valuation metrics and comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence. With a market capitalization of $444 million, CONDUENT has shown strong return over the last month despite volatile price movements. InvestingPro subscribers have access to 14 additional key insights about CONDUENT, including detailed valuation metrics and comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.
Following the transaction, Agadi directly holds 88,556 shares and also indirectly owns 100,000 shares through GHS Holdings LLC Defined Benefit Pension Plan.
In other recent news, Conduent Inc (NASDAQ:CNDT). reported its Q1 2025 earnings, revealing revenue of $751 million, which fell short of the $784 million forecast. The earnings per share (EPS) were consistent with expectations at -$0.13. Despite the revenue miss, Conduent’s adjusted EBITDA increased slightly to $37 million from $36 million in the same quarter last year, with an improved adjusted EBITDA margin of 4.9%. The company continues to focus on AI and fraud prevention initiatives, as highlighted by CEO Cliff Skelton. Conduent’s full-year 2025 outlook remains unchanged, with expectations for sequential revenue growth in Q2 and top-line growth in the second half of the year. The company aims to achieve a net leverage ratio of 1.5 turns by year-end. Additionally, Conduent completed three divestitures in 2024, generating nearly $800 million in net proceeds, and plans further asset divestitures in 2025. The company has been actively working on reducing fraud in government programs, leveraging AI in collaboration with Microsoft (NASDAQ:MSFT) to enhance fraud detection capabilities.
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