Conduent Incorporated (NASDAQ:CNDT - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $4.90 and last traded at $4.44, with a volume of 1398445 shares traded. The stock had previously closed at $3.94.
Conduent Stock Up 1.6 %
The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The firm has a market cap of $701.92 million, a P/E ratio of 1.93 and a beta of 1.41. The stock's 50-day simple moving average is $4.09 and its 200 day simple moving average is $3.88.
Institutional Investors Weigh In On Conduent
Several hedge funds and other institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC boosted its holdings 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 worth $25,636,000 after purchasing an additional 154,953 shares during the last quarter. American Century Companies Inc. boosted its stake in Conduent by 156.8% in the fourth quarter. American Century Companies Inc. now owns 2,354,300 shares of the company's stock valued at $9,511,000 after acquiring an additional 1,437,479 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Conduent by 163.2% during 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 buying an additional 942,459 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Conduent by 1,011.1% during the 4th quarter. Prudential Financial Inc. now owns 1,506,557 shares of the company's stock valued at $6,086,000 after buying an additional 1,370,961 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Conduent by 5.1% during the 4th quarter. Empowered Funds LLC now owns 838,675 shares of the company's stock valued at $3,388,000 after buying an additional 41,021 shares in the last quarter. 77.28% of the stock is owned by institutional investors.
Conduent Company Profile
(
Get 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.
Further Reading
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