Two Sigma Investments LP Purchases 36,509 Shares of Conduent Incorporated (NASDAQ:CNDT)

Two Sigma Investments LP boosted its position in shares of Conduent Incorporated (NASDAQ:CNDT) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,846 shares of the company’s stock after purchasing an additional 36,509 shares during the period. Two Sigma Investments LP owned about 0.24% of Conduent worth $1,526,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. State of Wyoming increased its holdings in Conduent by 93.5% during the 4th quarter. State of Wyoming now owns 55,047 shares of the company’s stock worth $222,000 after purchasing an additional 26,597 shares in the last quarter. ProShare Advisors LLC increased its holdings in Conduent by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 44,532 shares of the company’s stock worth $180,000 after purchasing an additional 14,653 shares in the last quarter. Millennium Management LLC increased its holdings in Conduent by 59.5% during the 4th quarter. Millennium Management LLC now owns 912,465 shares of the company’s stock worth $3,686,000 after purchasing an additional 340,283 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Conduent by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,491 shares of the company’s stock worth $366,000 after purchasing an additional 3,911 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Conduent by 39.9% during the 4th quarter. Lazard Asset Management LLC now owns 157,624 shares of the company’s stock worth $636,000 after purchasing an additional 44,982 shares in the last quarter. Institutional investors own 77.28% of the company’s stock.

Insider Activity at Conduent

In related news, EVP Giles Andrew Goodburn bought 13,798 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $2.32 per share, with a total value of $32,011.36. Following the completion of the transaction, the executive vice president now owns 331,168 shares in the company, valued at $768,309.76. The trade was a 4.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.98% of the stock is owned by company insiders.

Conduent Price Performance

NASDAQ:CNDT opened at $2.45 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. The stock’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $3.27. The company has a market cap of $396.48 million, a P/E ratio of 1.13 and a beta of 1.52. Conduent Incorporated has a 52-week low of $1.90 and a 52-week high of $4.90.

Conduent (NASDAQ:CNDT) last released its earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The business had revenue of $751.00 million for the quarter, compared to the consensus estimate of $776.00 million. Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. Conduent’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. As a group, sell-side analysts forecast that Conduent Incorporated will post -0.34 EPS 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.