BNP Paribas Financial Markets Acquires 72,783 Shares of Conduent Incorporated (NASDAQ:CNDT)

BNP Paribas Financial Markets lifted its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 68.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,330 shares of the company’s stock after acquiring an additional 72,783 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of Conduent worth $723,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNDT. Factorial Partners LLC acquired a new position in shares of Conduent in the second quarter valued at approximately $3,295,000. Renaissance Technologies LLC grew its holdings in Conduent by 27.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock valued at $7,804,000 after buying an additional 520,000 shares in the last quarter. Panagora Asset Management Inc. increased its position in Conduent by 25.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock worth $3,165,000 after buying an additional 194,250 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Conduent by 266.7% during the second quarter. Squarepoint Ops LLC now owns 128,068 shares of the company’s stock worth $418,000 after buying an additional 93,143 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Conduent by 642.8% in the second quarter. Mackenzie Financial Corp now owns 82,852 shares of the company’s stock valued at $270,000 after acquiring an additional 71,698 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.

Conduent Price Performance

NASDAQ:CNDT opened at $4.32 on Friday. Conduent Incorporated has a 52 week low of $2.96 and a 52 week high of $4.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. The firm’s 50-day simple moving average is $3.92 and its 200 day simple moving average is $3.70. The firm has a market cap of $690.72 million, a price-to-earnings ratio of 1.90 and a beta of 1.46.

Conduent (NASDAQ:CNDT) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $807.00 million during 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 firm’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, sell-side analysts predict that Conduent Incorporated will post -0.45 earnings per share for the current 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.