Barclays PLC Purchases 190,269 Shares of Conduent Incorporated (NASDAQ:CNDT)

Barclays PLC increased its stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 233.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,923 shares of the company's stock after acquiring an additional 190,269 shares during the quarter. Barclays PLC owned approximately 0.17% of Conduent worth $1,096,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Jacobs Levy Equity Management Inc. raised its holdings in shares of Conduent by 163.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company's stock valued at $6,125,000 after purchasing an additional 942,459 shares during the period. Renaissance Technologies LLC increased its position in Conduent by 27.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company's stock valued at $7,804,000 after buying an additional 520,000 shares in the last quarter. Jane Street Group LLC raised its stake in Conduent by 59.7% during the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock worth $3,360,000 after buying an additional 311,579 shares during the period. Squarepoint Ops LLC boosted its holdings in Conduent by 266.7% in the second quarter. Squarepoint Ops LLC now owns 128,068 shares of the company's stock worth $418,000 after acquiring an additional 93,143 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Conduent by 68.3% in the third quarter. BNP Paribas Financial Markets now owns 179,330 shares of the company's stock worth $723,000 after acquiring an additional 72,783 shares in the last quarter. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Stock Up 2.1 %

Shares of NASDAQ CNDT traded up $0.08 during midday trading on Tuesday, hitting $3.97. 701,035 shares of the stock traded hands, compared to its average volume of 672,154. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. Conduent Incorporated has a one year low of $2.96 and a one year high of $4.59. The business has a 50 day moving average price of $4.04 and a two-hundred day moving average price of $3.83. The company has a market cap of $634.76 million, a PE ratio of 1.75 and a beta of 1.44.

Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business's quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. On average, equities analysts predict that Conduent Incorporated will post -0.45 EPS for the current year.

About Conduent

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.