Russell Investments Group Ltd. Lowers Stock Holdings in Conduent Incorporated (NASDAQ:CNDT)

Russell Investments Group Ltd. lessened its stake in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 48.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 388,272 shares of the company's stock after selling 365,893 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Conduent worth $1,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CNDT. JPMorgan Chase & Co. raised its stake in Conduent by 526.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,216,978 shares of the company's stock valued at $12,997,000 after buying an additional 2,703,849 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Conduent during the fourth quarter worth about $797,000. American Century Companies Inc. increased its position in shares of Conduent by 156.8% during the fourth quarter. American Century Companies Inc. now owns 2,354,300 shares of the company's stock worth $9,511,000 after acquiring an additional 1,437,479 shares in the last quarter. Barclays PLC increased its position in shares of Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after acquiring an additional 190,269 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Conduent in the 4th quarter worth about $1,079,000. Institutional investors own 77.28% of the company's stock.

Conduent Price Performance

NASDAQ CNDT traded up $0.01 on Thursday, hitting $2.09. The stock had a trading volume of 78,314 shares, compared to its average volume of 1,059,665. The firm has a 50-day moving average of $2.90 and a 200-day moving average of $3.62. Conduent Incorporated has a 52-week low of $1.93 and a 52-week high of $4.90. The company has a market capitalization of $337.42 million, a price-to-earnings ratio of 0.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68.

Conduent (NASDAQ:CNDT - Get Free Report) last posted its quarterly 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 negative return on equity of 11.39% and a net margin of 12.69%. Equities analysts expect that Conduent Incorporated will post -0.34 EPS for the current 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.