Barclays PLC Has $1.10 Million Stake in Conduent Incorporated (NASDAQ:CNDT)

Barclays PLC boosted its position in Conduent Incorporated (NASDAQ:CNDT) by 233.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,923 shares of the company’s stock after purchasing an additional 190,269 shares during the period. Barclays PLC owned 0.17% of Conduent worth $1,096,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Conduent by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 662,447 shares of the company’s stock worth $2,160,000 after purchasing an additional 28,209 shares during the period. Headlands Technologies LLC raised its position in shares of Conduent by 140.0% during the second quarter. Headlands Technologies LLC now owns 34,476 shares of the company’s stock worth $112,000 after acquiring an additional 20,110 shares during the last quarter. American Century Companies Inc. boosted its holdings in Conduent by 14.2% in the second quarter. American Century Companies Inc. now owns 248,974 shares of the company’s stock valued at $812,000 after acquiring an additional 31,052 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Conduent during the 2nd quarter valued at approximately $80,000. Finally, Renaissance Technologies LLC raised its holdings in Conduent by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock worth $7,804,000 after purchasing an additional 520,000 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors.

Conduent Stock Performance

Shares of CNDT opened at $3.89 on Tuesday. 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 firm’s fifty day simple moving average is $4.04 and its two-hundred day simple moving average is $3.83. Conduent Incorporated has a 12 month low of $2.96 and a 12 month high of $4.59. The stock has a market capitalization of $621.97 million, a P/E ratio of 1.71 and a beta of 1.44.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings data 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 company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $817.33 million. During the same quarter last year, the firm posted ($0.09) EPS. The company’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, analysts predict that Conduent Incorporated will post -0.45 EPS for the current 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.