Intrepid Capital Management Inc. Decreases Holdings in Conduent Incorporated (NASDAQ:CNDT)

Intrepid Capital Management Inc. decreased its position in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 94.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,705 shares of the company's stock after selling 356,633 shares during the quarter. Intrepid Capital Management Inc.'s holdings in Conduent were worth $92,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co raised its position in Conduent by 7.1% during the fourth quarter. Diversified Trust Co now owns 56,369 shares of the company's stock valued at $228,000 after acquiring an additional 3,743 shares in the last quarter. Rhumbline Advisers boosted its position in Conduent by 1.5% in the 4th quarter. Rhumbline Advisers now owns 255,334 shares of the company's stock worth $1,032,000 after purchasing an additional 3,775 shares in the last quarter. Picton Mahoney Asset Management grew its stake in shares of Conduent by 288.7% during the 4th 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. New York State Common Retirement Fund increased its holdings 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 valued at $142,000 after purchasing an additional 9,436 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Conduent by 10.0% in the 3rd quarter. Franklin Resources Inc. now owns 118,841 shares of the company's stock valued at $477,000 after purchasing an additional 10,787 shares during the period. Hedge funds and other institutional investors own 77.28% of the company's stock.

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Conduent Stock Performance

CNDT stock traded down $0.16 during midday trading on Thursday, hitting $2.55. 1,570,955 shares of the stock traded hands, compared to its average volume of 1,097,751. Conduent Incorporated has a 1-year low of $2.49 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 stock's fifty day simple moving average is $3.51 and its 200-day simple moving average is $3.81. The firm has a market cap of $412.67 million, a P/E ratio of 1.18 and a beta of 1.36.

Conduent (NASDAQ:CNDT - Get Free Report) last posted its 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 net margin of 12.69% and a negative return on equity of 11.39%. On average, analysts expect 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.