Charles Schwab Investment Management Inc. Reduces Stock Position in Conduent Incorporated (NASDAQ:CNDT)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 29.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,964,357 shares of the company’s stock after selling 815,809 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Conduent were worth $7,936,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CNDT. JPMorgan Chase & Co. lifted its holdings in shares of Conduent by 174.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock worth $2,068,000 after buying an additional 326,118 shares during the period. Barclays PLC lifted its holdings in shares of Conduent by 233.0% in the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock worth $1,096,000 after buying an additional 190,269 shares during the period. Jane Street Group LLC lifted its holdings in shares of Conduent by 59.7% in the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock worth $3,360,000 after buying an additional 311,579 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Conduent by 36.6% in the 4th quarter. New York State Common Retirement Fund now owns 35,187 shares of the company’s stock worth $142,000 after buying an additional 9,436 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Conduent by 10.0% in the 3rd quarter. Franklin Resources Inc. now owns 118,841 shares of the company’s stock worth $477,000 after buying an additional 10,787 shares during the period. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

Shares of CNDT stock opened at $3.05 on Monday. Conduent Incorporated has a twelve month low of $2.88 and a twelve month high of $4.90. The stock has a market capitalization of $493.58 million, a price-to-earnings ratio of 1.41 and a beta of 1.36. The stock has a fifty day simple moving average of $3.73 and a two-hundred day simple moving average of $3.87. 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 (NASDAQ:CNDT) last issued its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. On average, analysts predict that Conduent Incorporated will post -0.34 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.