JPMorgan Chase & Co. Has $13 Million Stake in Conduent Incorporated (NASDAQ:CNDT)

JPMorgan Chase & Co. grew its position in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 526.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,216,978 shares of the company's stock after buying an additional 2,703,849 shares during the period. JPMorgan Chase & Co. owned 2.01% of Conduent worth $12,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC boosted 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 valued at $3,360,000 after acquiring an additional 311,579 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Conduent by 7.8% in the third quarter. Public Employees Retirement System of Ohio now owns 157,607 shares of the company's stock valued at $635,000 after buying an additional 11,464 shares during the period. Barclays PLC boosted its holdings in Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after buying an additional 190,269 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Conduent by 10.0% during the 3rd quarter. Franklin Resources Inc. now owns 118,841 shares of the company's stock worth $477,000 after buying an additional 10,787 shares during the period. Finally, Diversified Trust Co raised its position in shares of Conduent by 7.1% in the 4th 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 during the period. Institutional investors own 77.28% of the company's stock.

Conduent Trading Down 1.0 %

NASDAQ CNDT traded down $0.02 during trading on Friday, reaching $2.05. 1,104,431 shares of the stock traded hands, compared to its average volume of 1,144,309. Conduent Incorporated has a fifty-two week low of $1.98 and a fifty-two week high of $4.90. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The firm has a market cap of $331.75 million, a price-to-earnings ratio of 0.95 and a beta of 1.36. The stock's 50-day moving average price is $3.03 and its 200 day moving average price is $3.66.

Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data 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%. Analysts predict that Conduent Incorporated will post -0.34 EPS for the current year.

Conduent Company 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.