Conduent Incorporated (NASDAQ:CNDT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,900,459 shares of the company's stock after selling 219,930 shares during the quarter. Dimensional Fund Advisors LP owned about 4.35% of Conduent worth $29,017,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in Conduent by 14.8% in the 4th 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. Factorial Partners LLC acquired a new position in shares of Conduent during the 2nd quarter valued at about $3,295,000. Panagora Asset Management Inc. grew its holdings in shares of Conduent by 25.0% in the second 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 during the period. Redwood Investment Management LLC increased its position in Conduent by 9.9% during 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 last quarter. Finally, JB Capital Partners LP raised its stake in Conduent by 540.0% during 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 and hedge funds.

Conduent Trading Down 0.3 %

NASDAQ:CNDT traded down $0.01 on Thursday, hitting $3.89. The stock had a trading volume of 513,729 shares, compared to its average volume of 1,112,375. The company has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.52. 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 stock has a market cap of $795.83 million, a price-to-earnings ratio of -4.32 and a beta of 1.47. Conduent Incorporated has a 1-year low of $2.40 and a 1-year high of $4.20.

Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.14) EPS for the quarter, topping 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 firm had revenue of $811.00 million for the quarter, compared to analyst estimates of $803.33 million. During the same period in the prior year, the business posted $0.01 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts expect that Conduent Incorporated will post -0.53 earnings per share for the current fiscal 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.