Conduent Incorporated (NASDAQ:CNDT) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Conduent Incorporated (NASDAQ:CNDT) by 174.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,129 shares of the company’s stock after purchasing an additional 326,118 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Conduent worth $2,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Conduent by 233.0% in the third quarter. Barclays PLC now owns 271,923 shares of the company’s stock worth $1,096,000 after buying an additional 190,269 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Conduent by 59.7% in the third quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock worth $3,360,000 after buying an additional 311,579 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Conduent by 27.7% in the second quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock worth $7,804,000 after buying an additional 520,000 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Conduent by 10.0% in the third quarter. Franklin Resources Inc. now owns 118,841 shares of the company’s stock worth $477,000 after buying an additional 10,787 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Conduent by 74.2% during the 3rd quarter. Creative Planning now owns 60,843 shares of the company’s stock worth $245,000 after purchasing an additional 25,912 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

NASDAQ CNDT opened at $4.11 on Wednesday. Conduent Incorporated has a twelve month low of $2.96 and a twelve month high of $4.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $657.15 million, a PE ratio of 1.81 and a beta of 1.44. The stock has a 50-day simple moving average of $4.03 and a 200 day simple moving average of $3.86.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. 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 previous year, the firm earned ($0.09) EPS. The firm’s revenue was down 13.4% compared to the same quarter last year. Research analysts anticipate that Conduent Incorporated will post -0.45 EPS for the current 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.