1,010,671 Shares in Conduent Incorporated (NASDAQ:CNDT) Acquired by Factorial Partners LLC

Factorial Partners LLC purchased a new position in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,010,671 shares of the company's stock, valued at approximately $3,295,000. Conduent makes up about 2.0% of Factorial Partners LLC's holdings, making the stock its 21st biggest position. Factorial Partners LLC owned approximately 0.49% of Conduent at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of Conduent by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,979,612 shares of the company's stock worth $14,526,000 after purchasing an additional 165,969 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Conduent by 14.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,143,039 shares of the company's stock valued at $4,172,000 after acquiring an additional 147,244 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Conduent by 25.0% during the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company's stock worth $3,165,000 after buying an additional 194,250 shares during the last quarter. Redwood Investment Management LLC grew its holdings in Conduent by 9.9% in the first quarter. Redwood Investment Management LLC now owns 955,116 shares of the company's stock worth $3,228,000 after purchasing an additional 85,843 shares during the period. Finally, JB Capital Partners LP grew its holdings in Conduent by 540.0% in the fourth quarter. JB Capital Partners LP now owns 800,000 shares of the company's stock worth $2,920,000 after purchasing an additional 675,000 shares during the period. 77.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Conduent from a "buy" rating to a "hold" rating in a report on Tuesday, May 28th.

Conduent Trading Down 1.1 %

Shares of NASDAQ:CNDT traded down $0.04 on Wednesday, hitting $3.73. The company had a trading volume of 1,179,195 shares, compared to its average volume of 1,104,274. The firm's 50-day simple moving average is $3.64 and its two-hundred day simple moving average is $3.47. Conduent Incorporated has a 1 year low of $2.40 and a 1 year high of $4.20. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $763.09 million, a price-to-earnings ratio of -4.14 and a beta of 1.47.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.14. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The company had revenue of $811.00 million during the quarter, compared to analyst estimates of $803.33 million. During the same period in the previous year, the business posted $0.01 earnings per share. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Conduent Incorporated will post -0.53 earnings per share for the current fiscal 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.