US Bancorp DE Has $122,000 Stock Position in Conduent Incorporated (NASDAQ:CNDT)

US Bancorp DE grew its stake in Conduent Incorporated (NASDAQ:CNDT) by 1,484.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,352 shares of the company’s stock after buying an additional 28,436 shares during the quarter. US Bancorp DE’s holdings in Conduent were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNDT. Assenagon Asset Management S.A. increased its holdings in Conduent by 9.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 684,246 shares of the company’s stock worth $2,758,000 after purchasing an additional 57,183 shares in the last quarter. Creative Planning boosted its position in shares of Conduent by 74.2% during the third quarter. Creative Planning now owns 60,843 shares of the company’s stock worth $245,000 after buying an additional 25,912 shares during the period. Point72 DIFC Ltd grew its holdings in shares of Conduent by 127.9% during the second quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock worth $89,000 after buying an additional 15,254 shares in the last quarter. Algert Global LLC acquired a new stake in Conduent in the 2nd quarter valued at approximately $52,000. Finally, Mackenzie Financial Corp boosted its position in Conduent by 642.8% during the 2nd quarter. Mackenzie Financial Corp now owns 82,852 shares of the company’s stock worth $270,000 after acquiring an additional 71,698 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Price Performance

Shares of CNDT opened at $3.92 on Friday. The company has a 50 day moving average of $3.88 and a 200-day moving average of $3.67. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $626.77 million, a P/E ratio of 1.73 and a beta of 1.48. Conduent Incorporated has a twelve month low of $2.65 and a twelve month high of $4.38.

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