Dimensional Fund Advisors LP Has $30.54 Million Position in Conduent Incorporated (NASDAQ:CNDT)

Dimensional Fund Advisors LP trimmed its position in Conduent Incorporated (NASDAQ:CNDTFree Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,366,814 shares of the company’s stock after selling 219,614 shares during the quarter. Dimensional Fund Advisors LP owned 3.85% of Conduent worth $30,540,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CNDT. Vanguard Group Inc. grew its stake in shares of Conduent by 0.3% in the third quarter. Vanguard Group Inc. now owns 17,422,018 shares of the company’s stock valued at $60,629,000 after acquiring an additional 48,742 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Conduent by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,979,612 shares of the company’s stock worth $14,526,000 after purchasing an additional 165,969 shares in the last quarter. AMH Equity Ltd increased its holdings in shares of Conduent by 7.4% during the fourth quarter. AMH Equity Ltd now owns 1,600,000 shares of the company’s stock worth $5,840,000 after purchasing an additional 110,000 shares during the period. Rubric Capital Management LP acquired a new stake in shares of Conduent in the third quarter valued at approximately $2,905,000. Finally, Atalaya Capital Management LP boosted its stake in shares of Conduent by 38.2% in the fourth quarter. Atalaya Capital Management LP now owns 799,465 shares of the company’s stock valued at $2,918,000 after buying an additional 220,880 shares during the period. Institutional investors own 77.28% of the company’s stock.

Conduent Stock Performance

Shares of NASDAQ:CNDT opened at $3.50 on Friday. Conduent Incorporated has a 1 year low of $2.40 and a 1 year high of $4.08. The stock has a market capitalization of $716.03 million, a price-to-earnings ratio of -3.89 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.87 and a quick ratio of 1.87. The company’s 50 day simple moving average is $3.42 and its 200 day simple moving average is $3.41.

Conduent (NASDAQ:CNDTGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.06. Conduent had a negative return on equity of 2.50% and a negative net margin of 5.13%. The company had revenue of $921.00 million for the quarter, compared to analyst estimates of $896.00 million. As a group, research analysts predict that Conduent Incorporated will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CNDT shares. StockNews.com lowered Conduent from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Noble Financial began coverage on Conduent in a research note on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price target for the company.

Get Our Latest Stock Analysis on Conduent

Conduent Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Conduent (NASDAQ:CNDT)

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