Conduent Incorporated (NASDAQ:CNDT) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its position in shares of Conduent Incorporated (NASDAQ:CNDT) by 288.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,784 shares of the company’s stock after purchasing an additional 6,524 shares during the period. Picton Mahoney Asset Management’s holdings in Conduent were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its holdings in shares of Conduent by 163.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock worth $6,125,000 after buying an additional 942,459 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Conduent by 5.1% during the 4th quarter. Empowered Funds LLC now owns 838,675 shares of the company’s stock worth $3,388,000 after buying an additional 41,021 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Conduent by 59.7% during the 3rd 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. JPMorgan Chase & Co. boosted its position in Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock worth $2,068,000 after purchasing an additional 326,118 shares during the period. Finally, Barclays PLC boosted its position in Conduent by 233.0% during the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock worth $1,096,000 after purchasing an additional 190,269 shares during the period. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Stock Down 1.6 %

Shares of Conduent stock opened at $3.08 on Tuesday. The company has a fifty day moving average price of $3.80 and a 200 day moving average price of $3.89. 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 twelve month low of $2.96 and a twelve month high of $4.90. The stock has a market cap of $498.44 million, a price-to-earnings ratio of 1.43 and a beta of 1.36.

Conduent (NASDAQ:CNDT) last announced 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%. Equities research analysts forecast that Conduent Incorporated will post -0.34 earnings per share for the current fiscal 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.