The Manufacturers Life Insurance Company Has $254,000 Stake in Conduent Incorporated (NASDAQ:CNDT)

The Manufacturers Life Insurance Company cut its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,039 shares of the company’s stock after selling 3,172 shares during the period. The Manufacturers Life Insurance Company’s holdings in Conduent were worth $254,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CNDT. Renaissance Technologies LLC lifted 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 acquiring an additional 520,000 shares in the last quarter. Factorial Partners LLC purchased a new position in Conduent in the second quarter worth about $3,295,000. Creative Planning boosted its holdings in shares of Conduent by 74.2% during the 3rd quarter. Creative Planning now owns 60,843 shares of the company’s stock valued at $245,000 after acquiring an additional 25,912 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Conduent by 25.0% in 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 last quarter. Finally, SG Americas Securities LLC increased its holdings in Conduent by 233.6% during the second quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock valued at $110,000 after buying an additional 23,704 shares during the last quarter. 77.28% of the stock is owned by institutional investors.

Conduent Trading Up 1.2 %

Shares of NASDAQ:CNDT opened at $4.26 on Tuesday. The stock has a 50 day moving average of $3.93 and a 200 day moving average of $3.72. Conduent Incorporated has a 12-month low of $2.96 and a 12-month high of $4.44. The company has a market cap of $681.13 million, a PE ratio of 1.88 and a beta of 1.46. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.81.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, equities research analysts expect that Conduent Incorporated will post -0.45 EPS 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.