Jacobs Levy Equity Management Inc. lifted its position in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 163.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519,839 shares of the company's stock after purchasing an additional 942,459 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.95% of Conduent worth $6,125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CNDT. HTG Investment Advisors Inc. bought a new position in shares of Conduent during the second quarter worth $37,000. Algert Global LLC bought a new position in shares of Conduent during the second quarter worth $52,000. Williams & Novak LLC bought a new position in shares of Conduent during the second quarter worth $65,000. Oppenheimer Asset Management Inc. bought a new position in shares of Conduent during the second quarter worth $80,000. Finally, Point72 DIFC Ltd boosted its position in shares of Conduent by 127.9% during the second quarter. Point72 DIFC Ltd now owns 27,185 shares of the company's stock worth $89,000 after purchasing an additional 15,254 shares in the last quarter. 77.28% of the stock is owned by institutional investors.
Conduent Stock Down 0.7 %
Shares of NASDAQ:CNDT traded down $0.03 during midday trading on Friday, reaching $4.03. 988,011 shares of the company were exchanged, compared to its average volume of 1,101,738. Conduent Incorporated has a fifty-two week low of $2.96 and a fifty-two week high of $4.38. 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 stock has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $3.68. The firm has a market cap of $644.36 million, a PE ratio of 1.79 and a beta of 1.46.
Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. Conduent's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. As a group, sell-side analysts forecast that Conduent Incorporated will post -0.45 earnings per share for the current 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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