Conduent Incorporated (NASDAQ:CNDT) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of Conduent Incorporated (NASDAQ:CNDT) by 36.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,187 shares of the company’s stock after purchasing an additional 9,436 shares during the period. New York State Common Retirement Fund’s holdings in Conduent were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its stake in Conduent by 163.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock valued at $6,125,000 after purchasing an additional 942,459 shares during the period. Empowered Funds LLC boosted its stake in Conduent by 5.1% during the 4th quarter. Empowered Funds LLC now owns 838,675 shares of the company’s stock valued at $3,388,000 after purchasing an additional 41,021 shares during the period. Jane Street Group LLC boosted its stake in Conduent by 59.7% during the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock valued at $3,360,000 after purchasing an additional 311,579 shares during the period. JPMorgan Chase & Co. boosted its stake in Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock valued at $2,068,000 after purchasing an additional 326,118 shares during the period. Finally, Barclays PLC boosted its stake in Conduent by 233.0% during the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock valued at $1,096,000 after purchasing an additional 190,269 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.

Conduent Trading Up 0.6 %

Conduent stock opened at $3.34 on Thursday. The firm has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $3.91. The firm has a market capitalization of $540.51 million, a price-to-earnings ratio of 1.55 and a beta of 1.36. Conduent Incorporated has a 52-week low of $2.96 and a 52-week high of $4.90. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. Sell-side analysts expect that Conduent Incorporated will post -0.34 earnings per share 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.