Conduent Incorporated (NASDAQ:CNDT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in Conduent Incorporated (NASDAQ:CNDT) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 666,336 shares of the company’s stock after selling 17,910 shares during the period. Assenagon Asset Management S.A. owned about 0.42% of Conduent worth $2,692,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CNDT. Algert Global LLC acquired a new position in shares of Conduent during the 2nd quarter worth about $52,000. Point72 DIFC Ltd raised its holdings in Conduent by 127.9% in the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock valued at $89,000 after acquiring an additional 15,254 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Conduent in the 3rd quarter valued at about $100,000. BBR Partners LLC acquired a new stake in Conduent in the 3rd quarter valued at about $121,000. Finally, US Bancorp DE raised its holdings in Conduent by 1,484.1% in the 3rd quarter. US Bancorp DE now owns 30,352 shares of the company’s stock valued at $122,000 after acquiring an additional 28,436 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Up 1.7 %

CNDT stock opened at $4.11 on Wednesday. The company has a market cap of $657.15 million, a price-to-earnings ratio of 1.81 and a beta of 1.44. 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 Incorporated has a 12 month low of $2.96 and a 12 month high of $4.59. The firm has a 50-day moving average of $4.03 and a two-hundred day moving average of $3.86.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating 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 analysts’ expectations of $817.33 million. During the same quarter in the prior year, the company posted ($0.09) EPS. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, analysts forecast that Conduent Incorporated will post -0.45 earnings per share for the current fiscal 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.