UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.34 Million Holdings in Conduent Incorporated (NASDAQ:CNDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Conduent Incorporated (NASDAQ:CNDT) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,471 shares of the company’s stock after selling 35,003 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Conduent worth $1,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HTG Investment Advisors Inc. bought a new stake in Conduent in the 2nd quarter valued at $37,000. Algert Global LLC acquired a new stake in Conduent in the 2nd quarter worth about $52,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Conduent in the second quarter valued at approximately $80,000. Point72 DIFC Ltd lifted its position in shares of Conduent by 127.9% during the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock valued at $89,000 after acquiring an additional 15,254 shares during the period. Finally, SG Americas Securities LLC grew its stake in Conduent by 233.6% during the second quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock worth $110,000 after buying an additional 23,704 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Price Performance

Shares of NASDAQ:CNDT opened at $4.32 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $690.72 million, a PE ratio of 1.90 and a beta of 1.46. The firm has a 50 day moving average of $3.93 and a 200-day moving average of $3.72. Conduent Incorporated has a 12 month low of $2.96 and a 12 month high of $4.44.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. On average, equities research analysts predict that Conduent Incorporated will post -0.45 EPS 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.