Charles Schwab Investment Management Inc. Has $11.20 Million Position in Conduent Incorporated (NASDAQ:CNDT)

Charles Schwab Investment Management Inc. reduced its stake in shares of Conduent Incorporated (NASDAQ:CNDT) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,780,166 shares of the company’s stock after selling 656,035 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Conduent were worth $11,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CNDT. HTG Investment Advisors Inc. bought a new stake in Conduent in the 2nd quarter valued at $37,000. Algert Global LLC bought a new position in shares of Conduent during the second quarter worth about $52,000. Oppenheimer Asset Management Inc. acquired a new stake in Conduent in the 2nd quarter valued at approximately $80,000. Point72 DIFC Ltd raised its position in Conduent by 127.9% in the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock valued at $89,000 after buying an additional 15,254 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Conduent by 233.6% in the 2nd quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock valued at $110,000 after acquiring an additional 23,704 shares in the last quarter. Institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

Shares of CNDT opened at $4.26 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. Conduent Incorporated has a twelve month low of $2.96 and a twelve month high of $4.38. The stock has a market capitalization of $681.13 million, a P/E ratio of 1.88 and a beta of 1.46. The company has a 50 day moving average of $3.89 and a 200-day moving average of $3.69.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, equities research analysts forecast that Conduent Incorporated will post -0.45 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.