Royce & Associates LP lowered its stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,436,737 shares of the company's stock after selling 385,730 shares during the quarter. Royce & Associates LP owned about 0.90% of Conduent worth $5,804,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CNDT. Intech Investment Management LLC acquired a new position in shares of Conduent during the third quarter worth approximately $146,000. BNP Paribas Financial Markets lifted its holdings in shares of Conduent by 68.3% during the third quarter. BNP Paribas Financial Markets now owns 179,330 shares of the company's stock worth $723,000 after buying an additional 72,783 shares during the last quarter. BBR Partners LLC acquired a new position in shares of Conduent during the third quarter worth approximately $121,000. Paloma Partners Management Co acquired a new position in shares of Conduent during the third quarter worth approximately $100,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Conduent by 163.2% during the third 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 last quarter. Institutional investors own 77.28% of the company's stock.
Conduent Stock Performance
Shares of CNDT stock traded up $0.08 during trading hours on Friday, reaching $3.05. 2,497,164 shares of the company's stock were exchanged, compared to its average volume of 1,067,464. Conduent Incorporated has a fifty-two week low of $2.88 and a fifty-two week high of $4.90. The stock has a market capitalization of $493.58 million, a P/E ratio of 1.41 and a beta of 1.36. The business has a fifty day moving average price of $3.73 and a 200-day moving average price of $3.87. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73.
Conduent (NASDAQ:CNDT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) 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%. Analysts predict that Conduent Incorporated will post -0.34 EPS for the current fiscal year.
Conduent Company Profile
(
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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