Jane Street Group LLC Acquires 311,579 Shares of Conduent Incorporated (NASDAQ:CNDT)

Jane Street Group LLC raised its holdings in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 59.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,861 shares of the company's stock after acquiring an additional 311,579 shares during the quarter. Jane Street Group LLC owned approximately 0.52% of Conduent worth $3,360,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CNDT. Renaissance Technologies LLC raised its holdings in shares of Conduent by 27.7% during the second quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company's stock worth $7,804,000 after acquiring an additional 520,000 shares in the last quarter. Jacobs Levy Equity Management Inc. raised 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 worth $6,125,000 after purchasing an additional 942,459 shares in the last quarter. Factorial Partners LLC acquired a new stake in shares of Conduent during the 2nd quarter valued at about $3,295,000. Panagora Asset Management Inc. raised its holdings in shares of Conduent by 25.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company's stock valued at $3,165,000 after purchasing an additional 194,250 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Conduent by 5.4% during the third quarter. Empowered Funds LLC now owns 797,654 shares of the company's stock worth $3,215,000 after buying an additional 40,602 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company's stock.

Conduent Stock Up 1.8 %

Shares of NASDAQ:CNDT traded up $0.08 on Friday, reaching $4.41. The company had a trading volume of 3,845,954 shares, compared to its average volume of 1,130,427. 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 market capitalization of $705.11 million, a P/E ratio of 1.94 and a beta of 1.46. The stock has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.74. Conduent Incorporated has a twelve month low of $2.96 and a twelve month high of $4.59.

Conduent (NASDAQ:CNDT - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business had revenue of $807.00 million during the quarter, compared to analysts' expectations of $817.33 million. During the same quarter last year, the company earned ($0.09) earnings per share. The firm's revenue was down 13.4% on a year-over-year basis. On average, equities analysts expect that Conduent Incorporated will post -0.45 EPS for the current year.

About Conduent

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.