American Century Companies Inc. Buys 1,437,479 Shares of Conduent Incorporated (NASDAQ:CNDT)

American Century Companies Inc. lifted its stake in shares of Conduent Incorporated (NASDAQ:CNDT) by 156.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,354,300 shares of the company’s stock after purchasing an additional 1,437,479 shares during the period. American Century Companies Inc. owned 1.47% of Conduent worth $9,511,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Diversified Trust Co increased its position in Conduent by 7.1% during the fourth quarter. Diversified Trust Co now owns 56,369 shares of the company’s stock worth $228,000 after buying an additional 3,743 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Conduent by 1.5% during the 4th quarter. Rhumbline Advisers now owns 255,334 shares of the company’s stock worth $1,032,000 after acquiring an additional 3,775 shares during the last quarter. Picton Mahoney Asset Management raised its stake in Conduent by 288.7% in the 4th quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock valued at $35,000 after acquiring an additional 6,524 shares during the period. New York State Common Retirement Fund lifted its holdings in Conduent by 36.6% during the 4th quarter. New York State Common Retirement Fund now owns 35,187 shares of the company’s stock valued at $142,000 after purchasing an additional 9,436 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Conduent by 10.0% during the third quarter. Franklin Resources Inc. now owns 118,841 shares of the company’s stock worth $477,000 after purchasing an additional 10,787 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Price Performance

Conduent stock opened at $2.71 on Thursday. The company has a market capitalization of $438.56 million, a price-to-earnings ratio of 1.25 and a beta of 1.36. The stock’s 50 day moving average is $3.54 and its 200-day moving average is $3.82. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73. Conduent Incorporated has a 12 month low of $2.64 and a 12 month high of $4.90.

Conduent (NASDAQ:CNDT) last released 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 net margin of 12.69% and a negative return on equity of 11.39%. Equities research analysts expect 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.