UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 35,003 Shares of Conduent Incorporated (NASDAQ:CNDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Conduent Incorporated (NASDAQ:CNDT) by 9.5% during the third quarter, Holdings Channel reports. The fund owned 333,471 shares of the company’s stock after selling 35,003 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Conduent were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNDT. Renaissance Technologies LLC raised its holdings 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 valued at $7,804,000 after purchasing an additional 520,000 shares during the period. Factorial Partners LLC acquired a new position in Conduent during the 2nd quarter worth approximately $3,295,000. Panagora Asset Management Inc. boosted its holdings in Conduent by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock worth $3,165,000 after acquiring an additional 194,250 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Conduent by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 797,654 shares of the company’s stock worth $3,215,000 after purchasing an additional 40,602 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Conduent by 9.1% during the third quarter. Assenagon Asset Management S.A. now owns 684,246 shares of the company’s stock worth $2,758,000 after buying an additional 57,183 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Up 1.4 %

Shares of NASDAQ CNDT opened at $4.32 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. The company has a 50-day moving average price of $3.93 and a 200-day moving average price of $3.72. The stock has a market capitalization of $690.72 million, a P/E ratio of 1.90 and a beta of 1.46. Conduent Incorporated has a 1 year low of $2.96 and a 1 year high of $4.44.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $817.33 million. During the same quarter last year, the firm earned ($0.09) EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research analysts forecast 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.