American Century Companies Inc. Grows Holdings in Conduent Incorporated (NASDAQ:CNDT)

American Century Companies Inc. lifted its stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 156.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,354,300 shares of the company's stock after buying an additional 1,437,479 shares during the quarter. American Century Companies Inc. owned approximately 1.47% of Conduent worth $9,511,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company's stock worth $2,068,000 after acquiring an additional 326,118 shares in the last quarter. Barclays PLC lifted its position in shares of Conduent by 233.0% during the 3rd quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after purchasing an additional 190,269 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock worth $3,360,000 after purchasing an additional 311,579 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Conduent by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 6,345,652 shares of the company's stock valued at $25,636,000 after buying an additional 154,953 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Conduent by 36.6% in the fourth quarter. New York State Common Retirement Fund now owns 35,187 shares of the company's stock valued at $142,000 after buying an additional 9,436 shares in the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

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Conduent Stock Down 2.8 %

Shares of NASDAQ:CNDT traded down $0.07 on Monday, hitting $2.42. 2,088,941 shares of the company's stock were exchanged, compared to its average volume of 1,108,480. Conduent Incorporated has a 1-year low of $2.26 and a 1-year high of $4.90. The company has a market capitalization of $391.63 million, a PE ratio of 1.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. The firm's 50-day moving average is $3.45 and its 200 day moving average is $3.79.

Conduent (NASDAQ:CNDT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. Sell-side analysts predict that Conduent Incorporated will post -0.34 EPS for the current 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.