O Shaughnessy Asset Management LLC Takes Position in Conduent Incorporated (NASDAQ:CNDT)

O Shaughnessy Asset Management LLC bought a new stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 267,061 shares of the company's stock, valued at approximately $1,079,000. O Shaughnessy Asset Management LLC owned 0.17% of Conduent as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CNDT. Picton Mahoney Asset Management raised its position in Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock worth $35,000 after acquiring an additional 6,524 shares during the period. SilverOak Wealth Management LLC purchased a new stake in shares of Conduent during the fourth quarter worth about $53,000. Bailard Inc. acquired a new position in shares of Conduent during the 4th quarter worth about $58,000. Cibc World Markets Corp purchased a new position in Conduent in the 4th quarter valued at about $60,000. Finally, Paloma Partners Management Co acquired a new stake in Conduent in the 3rd quarter worth about $100,000. Hedge funds and other institutional investors own 77.28% of the company's stock.

Conduent Price Performance

NASDAQ:CNDT traded down $0.09 during trading hours on Friday, hitting $2.04. 1,575,579 shares of the stock were exchanged, compared to its average volume of 1,132,568. The company has a market cap of $330.13 million, a P/E ratio of 0.94 and a beta of 1.36. The firm's fifty day moving average price is $3.24 and its 200 day moving average price is $3.72. Conduent Incorporated has a 52-week low of $1.98 and a 52-week high of $4.90. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73.

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Conduent (NASDAQ:CNDT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. As a group, equities research analysts anticipate that Conduent Incorporated will post -0.34 EPS 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.