Quantbot Technologies LP Takes Position in Conduent Incorporated (NASDAQ:CNDT)

Quantbot Technologies LP purchased a new position in Conduent Incorporated (NASDAQ:CNDT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,027 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in Conduent by 288.7% in the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock valued at $35,000 after buying an additional 6,524 shares during the last quarter. SilverOak Wealth Management LLC bought a new stake in Conduent in the 4th quarter valued at about $53,000. Bailard Inc. acquired a new position in Conduent during the 4th quarter valued at about $58,000. Cibc World Markets Corp bought a new position in Conduent in the 4th quarter worth about $60,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Conduent in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Performance

Shares of CNDT stock opened at $2.78 on Monday. Conduent Incorporated has a 12-month low of $2.74 and a 12-month high of $4.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The firm has a market capitalization of $449.89 million, a price-to-earnings ratio of 1.29 and a beta of 1.36. The business has a 50 day simple moving average of $3.62 and a 200 day simple moving average of $3.84.

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