AQR Capital Management LLC grew its holdings in Conduent Incorporated (NASDAQ:CNDT – Free Report) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 134,256 shares of the company’s stock after buying an additional 20,735 shares during the period. AQR Capital Management LLC’s holdings in Conduent were worth $438,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of CNDT. Renaissance Technologies LLC boosted its position in shares of Conduent by 27.7% during the second quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock worth $7,804,000 after buying an additional 520,000 shares during the period. Factorial Partners LLC purchased a new position in Conduent during the 2nd quarter valued at about $3,295,000. Panagora Asset Management Inc. grew its position in Conduent by 25.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock valued at $3,165,000 after acquiring an additional 194,250 shares in the last quarter. Redwood Investment Management LLC increased its stake in Conduent by 9.9% during the first quarter. Redwood Investment Management LLC now owns 955,116 shares of the company’s stock worth $3,228,000 after purchasing an additional 85,843 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Conduent by 198.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 763,916 shares of the company’s stock worth $2,582,000 after purchasing an additional 508,012 shares in the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.
Conduent Trading Down 2.2 %
NASDAQ CNDT opened at $3.92 on Wednesday. Conduent Incorporated has a one year low of $2.40 and a one year high of $4.22. The firm has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $3.57. The firm has a market cap of $801.97 million, a price-to-earnings ratio of -4.36 and a beta of 1.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65.
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.
Recommended Stories
- Five stocks we like better than Conduent
- The How And Why of Investing in Oil Stocks
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Manufacturing Stocks Investing
- AMD Gains Momentum With AI: Can It Beat Expectations?
- How to Buy Cheap Stocks Step by Step
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Want to see what other hedge funds are holding CNDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conduent Incorporated (NASDAQ:CNDT – Free Report).
Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.