Raymond James Financial Inc. Takes $797,000 Position in Conduent Incorporated (NASDAQ:CNDT)

Raymond James Financial Inc. acquired a new position in Conduent Incorporated (NASDAQ:CNDT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 197,353 shares of the company's stock, valued at approximately $797,000. Raymond James Financial Inc. owned 0.12% of Conduent at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in Conduent by 5.1% during the fourth quarter. Empowered Funds LLC now owns 838,675 shares of the company's stock worth $3,388,000 after buying an additional 41,021 shares during the period. Jane Street Group LLC boosted its position in Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock valued at $3,360,000 after purchasing an additional 311,579 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Conduent by 174.4% during the third quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company's stock valued at $2,068,000 after purchasing an additional 326,118 shares in the last quarter. Barclays PLC grew its stake in Conduent by 233.0% in the third quarter. Barclays PLC now owns 271,923 shares of the company's stock valued at $1,096,000 after purchasing an additional 190,269 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Conduent by 1.5% in the fourth quarter. Rhumbline Advisers now owns 255,334 shares of the company's stock worth $1,032,000 after purchasing an additional 3,775 shares in the last quarter. 77.28% of the stock is currently owned by institutional investors.

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Conduent Stock Down 5.8 %

Shares of NASDAQ:CNDT traded down $0.13 during trading on Thursday, reaching $2.13. The stock had a trading volume of 2,583,792 shares, compared to its average volume of 1,129,548. The firm's 50-day simple moving average is $3.28 and its 200 day simple moving average is $3.73. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73. Conduent Incorporated has a one year low of $2.08 and a one year high of $4.90. The company has a market capitalization of $344.70 million, a P/E ratio of 0.99 and a beta of 1.36.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share 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, research analysts expect that Conduent Incorporated will post -0.34 EPS for the current fiscal year.

Conduent 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.