Blue Owl Capital Holdings LP Acquires 2,262,437 Shares of Conduent Incorporated (NASDAQ:CNDT)

Blue Owl Capital Holdings LP lifted its position in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 67.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,625,459 shares of the company's stock after buying an additional 2,262,437 shares during the quarter. Conduent comprises approximately 5.4% of Blue Owl Capital Holdings LP's holdings, making the stock its 6th biggest position. Blue Owl Capital Holdings LP owned approximately 3.52% of Conduent worth $22,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CNDT. Diversified Trust Co boosted its holdings in shares of Conduent by 7.1% during the 4th quarter. Diversified Trust Co now owns 56,369 shares of the company's stock worth $228,000 after buying an additional 3,743 shares during the period. Rhumbline Advisers grew its position in shares of Conduent by 1.5% in the fourth quarter. Rhumbline Advisers now owns 255,334 shares of the company's stock valued at $1,032,000 after purchasing an additional 3,775 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Conduent by 14.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 44,438 shares of the company's stock worth $180,000 after purchasing an additional 5,494 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock worth $35,000 after purchasing an additional 6,524 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Conduent by 36.6% during the 4th quarter. New York State Common Retirement Fund now owns 35,187 shares of the company's stock worth $142,000 after purchasing an additional 9,436 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Stock Performance

NASDAQ CNDT traded down $0.02 on Monday, reaching $2.13. The stock had a trading volume of 660,368 shares, compared to its average volume of 1,150,792. Conduent Incorporated has a 1-year low of $1.93 and a 1-year high of $4.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The company has a market cap of $344.70 million, a P/E ratio of 0.99 and a beta of 1.36. The firm has a fifty day moving average of $2.82 and a two-hundred day moving average of $3.58.

Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. On average, equities research analysts anticipate that Conduent Incorporated will post -0.34 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.