Conduent Incorporated (NASDAQ:CNDT) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Conduent Incorporated (NASDAQ:CNDT) by 233.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,923 shares of the company’s stock after purchasing an additional 190,269 shares during the quarter. Barclays PLC owned about 0.17% of Conduent worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CNDT. Jane Street Group LLC grew its holdings in shares of Conduent by 59.7% during the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock worth $3,360,000 after purchasing an additional 311,579 shares during the period. Renaissance Technologies LLC boosted its stake in 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 buying an additional 520,000 shares during the period. Factorial Partners LLC acquired a new stake in shares of Conduent during the second quarter valued at about $3,295,000. Creative Planning raised its stake in shares of Conduent by 74.2% in 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 period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Conduent by 163.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock worth $6,125,000 after acquiring an additional 942,459 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Trading Down 4.2 %

Shares of NASDAQ CNDT opened at $4.08 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $652.35 million, a PE ratio of 1.80 and a beta of 1.46. Conduent Incorporated has a twelve month low of $2.96 and a twelve month high of $4.59. The stock has a fifty day simple moving average of $3.97 and a 200-day simple moving average of $3.76.

Conduent (NASDAQ:CNDT) last posted 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. 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 during the quarter, compared to the consensus estimate of $817.33 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, equities analysts forecast that Conduent Incorporated will post -0.45 earnings per share for the current year.

Conduent Company 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.