William Blair Investment Management LLC increased its holdings in shares of Conduent Incorporated (NASDAQ:CNDT - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,345,652 shares of the company's stock after buying an additional 154,953 shares during the quarter. William Blair Investment Management LLC owned 3.97% of Conduent worth $25,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its stake in Conduent by 288.7% during the 4th 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 last quarter. SilverOak Wealth Management LLC acquired a new stake in Conduent during the 4th quarter worth about $53,000. Bailard Inc. acquired a new stake in Conduent during the 4th quarter worth about $58,000. Cibc World Markets Corp acquired a new stake in Conduent during the 4th quarter worth about $60,000. Finally, Paloma Partners Management Co acquired a new stake in Conduent during the 3rd quarter worth about $100,000. 77.28% of the stock is currently owned by hedge funds and other institutional investors.
Conduent Stock Performance
CNDT traded up $0.08 on Friday, reaching $3.05. 2,497,164 shares of the stock were exchanged, compared to its average volume of 1,065,849. The company's 50-day moving average price is $3.73 and its 200 day moving average price is $3.87. Conduent Incorporated has a fifty-two week low of $2.88 and a fifty-two week high of $4.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The firm has a market capitalization of $493.58 million, a PE ratio of 1.41 and a beta of 1.36.
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%. As a group, sell-side analysts forecast that Conduent Incorporated will post -0.34 EPS for the current fiscal year.
Conduent 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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