Charles Schwab Investment Management Inc. decreased its position in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,964,357 shares of the company's stock after selling 815,809 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Conduent worth $7,936,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Conduent during the 3rd quarter valued at $146,000. BNP Paribas Financial Markets grew its holdings in shares of Conduent by 68.3% during the third quarter. BNP Paribas Financial Markets now owns 179,330 shares of the company's stock valued at $723,000 after buying an additional 72,783 shares during the last quarter. BBR Partners LLC bought a new stake in shares of Conduent during the third quarter worth about $121,000. Paloma Partners Management Co acquired a new stake in shares of Conduent in the 3rd quarter worth about $100,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in Conduent by 163.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company's stock valued at $6,125,000 after acquiring an additional 942,459 shares in the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.
Conduent Stock Down 0.7 %
CNDT stock traded down $0.02 during mid-day trading on Thursday, reaching $2.88. 848,675 shares of the company traded hands, compared to its average volume of 1,066,078. The stock has a market cap of $466.07 million, a price-to-earnings ratio of 1.33 and a beta of 1.36. Conduent Incorporated has a fifty-two week low of $2.85 and a fifty-two week high of $4.90. The firm's 50 day moving average price is $3.67 and its 200 day moving average price is $3.85. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73.
Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) 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%. As a group, equities research analysts predict that Conduent Incorporated will post -0.34 EPS for the current fiscal year.
Conduent Profile
(
Free Report)
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.
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