Victory Capital Management Inc. Has $76,000 Stake in Conduent Incorporated (NASDAQ:CNDT)

Victory Capital Management Inc. lowered its stake in Conduent Incorporated (NASDAQ:CNDT) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,902 shares of the company’s stock after selling 5,401 shares during the quarter. Victory Capital Management Inc.’s holdings in Conduent were worth $76,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CNDT. Renaissance Technologies LLC increased its stake in Conduent by 27.7% in 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 in the last quarter. Factorial Partners LLC bought a new stake in Conduent in the 2nd quarter valued at about $3,295,000. Creative Planning raised its stake in Conduent by 74.2% during the 3rd 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. 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. Finally, Price T Rowe Associates Inc. MD grew its stake in Conduent by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 134,884 shares of the company’s stock valued at $456,000 after acquiring an additional 7,890 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Trading Up 0.8 %

NASDAQ CNDT opened at $3.73 on Monday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. Conduent Incorporated has a 52 week low of $2.96 and a 52 week high of $4.38. The business has a 50 day moving average price of $3.86 and a 200-day moving average price of $3.67. The company has a market cap of $596.39 million, a price-to-earnings ratio of 1.64 and a beta of 1.48.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share 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 the consensus estimate of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, equities analysts expect that Conduent Incorporated will post -0.45 earnings per share 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.