Vanguard Group Inc. decreased its stake in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,567,109 shares of the company's stock after selling 4,102,593 shares during the quarter. Vanguard Group Inc. owned about 5.36% of Conduent worth $34,611,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock worth $35,000 after buying an additional 6,524 shares during the period. SilverOak Wealth Management LLC bought a new position in Conduent during the 4th quarter valued at about $53,000. Bailard Inc. purchased a new stake in Conduent in the 4th quarter worth about $58,000. Cibc World Markets Corp purchased a new position in shares of Conduent during the fourth quarter valued at approximately $60,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Conduent during the fourth quarter valued at approximately $114,000. Institutional investors own 77.28% of the company's stock.
Conduent Trading Down 1.0 %
Shares of CNDT stock traded down $0.02 on Friday, reaching $2.05. 1,104,431 shares of the company's stock were exchanged, compared to its average volume of 1,144,309. The company's fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.66. The stock has a market capitalization of $331.75 million, a PE ratio of 0.95 and a beta of 1.36. 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 52 week low of $1.98 and a 52 week high of $4.90.
Conduent (NASDAQ:CNDT - Get Free Report) last posted 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%. As a group, analysts forecast that Conduent Incorporated will post -0.34 EPS for the current 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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