Mariner LLC Boosts Position in Conduent Incorporated (NASDAQ:CNDT)

Mariner LLC increased its holdings in Conduent Incorporated (NASDAQ:CNDT) by 216.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,040 shares of the company’s stock after acquiring an additional 28,740 shares during the quarter. Mariner LLC’s holdings in Conduent were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of CNDT. Barclays PLC grew its holdings in 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 purchasing an additional 190,269 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Conduent by 174.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock worth $2,068,000 after buying an additional 326,118 shares during the last quarter. Diversified Trust Co increased its position in Conduent by 7.1% during the 4th quarter. Diversified Trust Co now owns 56,369 shares of the company’s stock valued at $228,000 after buying an additional 3,743 shares in the last quarter. Howard Financial Services LTD. raised its stake in Conduent by 1,500.0% during the fourth quarter. Howard Financial Services LTD. now owns 160,000 shares of the company’s stock valued at $646,000 after buying an additional 150,000 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Conduent by 5.1% in the fourth quarter. Empowered Funds LLC now owns 838,675 shares of the company’s stock worth $3,388,000 after acquiring an additional 41,021 shares during the last quarter. Institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

Shares of CNDT opened at $1.98 on Thursday. The firm has a 50 day moving average of $2.56 and a 200 day moving average of $3.49. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. Conduent Incorporated has a twelve month low of $1.90 and a twelve month high of $4.90. The company has a market capitalization of $320.42 million, a P/E ratio of 0.92 and a beta of 1.52.

Conduent (NASDAQ:CNDT) last issued its earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. The company had revenue of $751.00 million for the quarter, compared to analysts’ expectations of $776.00 million. Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. As a group, equities research analysts anticipate that Conduent Incorporated will post -0.34 earnings per share for the current fiscal 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.