Cubist Systematic Strategies LLC lowered its holdings in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 67.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,959 shares of the company's stock after selling 415,173 shares during the quarter. Cubist Systematic Strategies LLC owned 0.10% of Conduent worth $639,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CNDT. Guardian Capital LP purchased a new stake in shares of Conduent during the 1st quarter worth approximately $34,000. HTG Investment Advisors Inc. acquired a new stake in shares of Conduent in the second quarter valued at about $37,000. Headlands Technologies LLC lifted its holdings in Conduent by 1,084.3% in the 1st quarter. Headlands Technologies LLC now owns 14,366 shares of the company's stock worth $49,000 after buying an additional 13,153 shares in the last quarter. Algert Global LLC purchased a new position in shares of Conduent during the 2nd quarter valued at approximately $52,000. Finally, Williams & Novak LLC acquired a new stake in shares of Conduent in the 2nd quarter valued at about $65,000. Hedge funds and other institutional investors own 77.28% of the company's stock.
Conduent Stock Performance
Shares of NASDAQ CNDT traded up $0.07 during midday trading on Friday, hitting $4.05. The company's stock had a trading volume of 493,175 shares, compared to its average volume of 1,098,965. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65. The firm's fifty day moving average price is $3.69 and its 200-day moving average price is $3.56. The firm has a market cap of $657.72 million, a P/E ratio of 19.29 and a beta of 1.47. Conduent Incorporated has a 1-year low of $2.40 and a 1-year high of $4.22.
Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly 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. The company had revenue of $811.00 million for the quarter, compared to analysts' expectations of $803.33 million. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. On average, sell-side analysts forecast that Conduent Incorporated will post -0.53 EPS for the current fiscal year.
About Conduent
(
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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