Prudential Financial Inc. grew its position in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 1,011.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,506,557 shares of the company's stock after buying an additional 1,370,961 shares during the period. Prudential Financial Inc. owned 0.94% of Conduent worth $6,086,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Conduent during the third quarter valued at about $146,000. BNP Paribas Financial Markets raised its position in shares of Conduent by 68.3% in the third quarter. BNP Paribas Financial Markets now owns 179,330 shares of the company's stock valued at $723,000 after purchasing an additional 72,783 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Conduent during the 3rd quarter valued at approximately $100,000. Jacobs Levy Equity Management Inc. boosted its holdings in Conduent by 163.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company's stock worth $6,125,000 after buying an additional 942,459 shares during the period. Finally, Jane Street Group LLC grew its stake in Conduent by 59.7% in the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock valued at $3,360,000 after buying an additional 311,579 shares in the last quarter. Institutional investors own 77.28% of the company's stock.
Conduent Stock Performance
Shares of NASDAQ:CNDT traded down $0.06 during trading on Friday, hitting $2.49. 1,826,641 shares of the company were exchanged, compared to its average volume of 1,102,374. Conduent Incorporated has a 52-week low of $2.37 and a 52-week high of $4.90. The stock has a 50 day moving average of $3.48 and a 200 day moving average of $3.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The company has a market cap of $402.96 million, a PE ratio of 1.15 and a beta of 1.36.
Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. As a group, equities research analysts predict that Conduent Incorporated will post -0.34 EPS for the current 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.
Read More
Before you consider Conduent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduent wasn't on the list.
While Conduent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
