Conduent Incorporated (NASDAQ:CNDT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and 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 approximately 1.23% of Conduent worth $7,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CNDT. Bailard Inc. bought a new stake in Conduent during the fourth quarter valued at about $58,000. SilverOak Wealth Management LLC purchased a new position in shares of Conduent in the 4th quarter worth approximately $53,000. New York State Common Retirement Fund raised its stake in shares of 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 acquiring an additional 9,436 shares in the last quarter. Rhumbline Advisers lifted its position in Conduent by 1.5% during the fourth quarter. Rhumbline Advisers now owns 255,334 shares of the company's stock valued at $1,032,000 after acquiring an additional 3,775 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Conduent by 5.1% during the fourth quarter. Empowered Funds LLC now owns 838,675 shares of the company's stock valued at $3,388,000 after acquiring an additional 41,021 shares during the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

Conduent Stock Down 1.4 %

NASDAQ CNDT traded down $0.04 on Wednesday, hitting $2.90. The stock had a trading volume of 615,735 shares, compared to its average volume of 1,066,917. Conduent Incorporated has a 52-week low of $2.86 and a 52-week high of $4.90. The business's fifty day moving average price is $3.67 and its 200 day moving average price is $3.85. 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 stock has a market cap of $469.31 million, a price-to-earnings ratio of 1.34 and a beta of 1.36.

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Conduent (NASDAQ:CNDT - Get Free Report) last announced its 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 net margin of 12.69% and a negative return on equity of 11.39%. Equities research analysts anticipate that Conduent Incorporated will post -0.34 earnings per share for the current year.

Conduent 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.