Barclays PLC Boosts Stake in Conduent Incorporated (NASDAQ:CNDT)

Barclays PLC boosted its holdings in Conduent Incorporated (NASDAQ:CNDT) by 233.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 271,923 shares of the company’s stock after acquiring an additional 190,269 shares during the quarter. Barclays PLC’s holdings in Conduent were worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in Conduent by 27.7% in the second quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock valued at $7,804,000 after buying an additional 520,000 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Conduent by 163.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock worth $6,125,000 after purchasing an additional 942,459 shares during the last quarter. Factorial Partners LLC acquired a new position in Conduent during the second quarter worth $3,295,000. Jane Street Group LLC boosted its position in Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock worth $3,360,000 after purchasing an additional 311,579 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Conduent by 5.4% in the third quarter. Empowered Funds LLC now owns 797,654 shares of the company’s stock valued at $3,215,000 after buying an additional 40,602 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Performance

Shares of CNDT opened at $4.08 on Monday. The company has a 50-day moving average of $3.97 and a two-hundred day moving average of $3.76. The stock has a market cap of $652.35 million, a P/E ratio of 1.80 and a beta of 1.46. Conduent Incorporated has a 12-month low of $2.96 and a 12-month high of $4.59. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.81.

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

Conduent 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.