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

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

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company's stock valued at $2,068,000 after acquiring an additional 326,118 shares during the period. Barclays PLC grew its stake in shares of Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company's stock valued at $1,096,000 after buying an additional 190,269 shares during the last quarter. American Century Companies Inc. grew its holdings in Conduent by 156.8% in the 4th quarter. American Century Companies Inc. now owns 2,354,300 shares of the company's stock worth $9,511,000 after acquiring an additional 1,437,479 shares during the last quarter. Jane Street Group LLC raised its stake in Conduent by 59.7% in the third 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 in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Conduent by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 6,345,652 shares of the company's stock valued at $25,636,000 after buying an additional 154,953 shares during the period. Hedge funds and other institutional investors own 77.28% of the company's stock.

Conduent Stock Down 2.4 %

Shares of NASDAQ:CNDT traded down $0.06 during trading on Friday, reaching $2.49. 1,826,641 shares of the stock traded hands, compared to its average volume of 1,104,557. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. The stock has a market cap of $402.96 million, a P/E ratio of 1.15 and a beta of 1.36. The stock has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.80. Conduent Incorporated has a 52-week low of $2.37 and a 52-week high of $4.90.

Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) earnings per share 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, sell-side analysts expect that Conduent Incorporated will post -0.34 earnings per share for the current fiscal 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.