Barclays PLC Purchases 190,269 Shares of Conduent Incorporated (NASDAQ:CNDT)

Barclays PLC raised its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 233.0% in the third quarter, HoldingsChannel.com reports. The firm owned 271,923 shares of the company’s stock after buying an additional 190,269 shares during the period. Barclays PLC’s holdings in Conduent were worth $1,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Algert Global LLC acquired a new position in shares of Conduent during the second quarter valued at about $52,000. Oppenheimer Asset Management Inc. acquired a new position in Conduent during the 2nd quarter valued at about $80,000. Paloma Partners Management Co acquired a new position in Conduent during the 3rd quarter valued at about $100,000. Point72 DIFC Ltd increased its holdings in Conduent by 127.9% during the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock worth $89,000 after purchasing an additional 15,254 shares in the last quarter. Finally, BBR Partners LLC bought a new position in shares of Conduent in the third quarter valued at approximately $121,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Performance

NASDAQ CNDT opened at $3.89 on Tuesday. The company has a fifty day moving average price of $4.04 and a 200-day moving average price of $3.83. The firm has a market cap of $621.97 million, a price-to-earnings ratio of 1.71 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. Conduent Incorporated has a 1 year low of $2.96 and a 1 year high of $4.59.

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

About Conduent

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.