Teacher Retirement System of Texas Increases Stake in Conduent Incorporated (NASDAQ:CNDT)

Teacher Retirement System of Texas grew its holdings in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,895 shares of the company's stock after purchasing an additional 153,606 shares during the period. Teacher Retirement System of Texas owned approximately 0.36% of Conduent worth $2,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CNDT. William Blair Investment Management LLC lifted its position in Conduent by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 6,345,652 shares of the company's stock valued at $25,636,000 after buying an additional 154,953 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of 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 acquiring an additional 942,459 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Conduent by 5.1% during the 4th quarter. Empowered Funds LLC now owns 838,675 shares of the company's stock worth $3,388,000 after purchasing an additional 41,021 shares during the period. Jane Street Group LLC raised its position in Conduent by 59.7% in 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 during the period. Finally, JPMorgan Chase & Co. raised its position in Conduent by 174.4% in 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 during the period. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

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Conduent Trading Down 3.5 %

Shares of CNDT traded down $0.10 during midday trading on Friday, hitting $2.78. 1,260,644 shares of the stock were exchanged, compared to its average volume of 1,091,669. Conduent Incorporated has a 52-week low of $2.74 and a 52-week high of $4.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. The stock has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $3.84. The firm has a market cap of $449.89 million, a P/E ratio of 1.29 and a beta of 1.36.

Conduent (NASDAQ:CNDT - Get Free Report) last released 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%. On average, 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.