Bailard Inc. Makes New $58,000 Investment in Conduent Incorporated (NASDAQ:CNDT)

Bailard Inc. acquired a new stake in shares of Conduent Incorporated (NASDAQ:CNDT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,454 shares of the company’s stock, valued at approximately $58,000.

A number of other large investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its position in Conduent by 163.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock worth $6,125,000 after purchasing an additional 942,459 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Conduent by 174.4% during the third quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock valued at $2,068,000 after buying an additional 326,118 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Conduent by 59.7% in the third 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 period. Barclays PLC lifted its stake in shares of Conduent by 233.0% in the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock valued at $1,096,000 after acquiring an additional 190,269 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its holdings in Conduent by 1,500.0% during the 4th quarter. Howard Financial Services LTD. now owns 160,000 shares of the company’s stock valued at $646,000 after acquiring an additional 150,000 shares during the period. 77.28% of the stock is owned by hedge funds and other institutional investors.

Conduent Price Performance

Shares of Conduent stock opened at $3.29 on Friday. The stock has a market capitalization of $532.42 million, a P/E ratio of 1.52 and a beta of 1.36. Conduent Incorporated has a one year low of $2.96 and a one year high of $4.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The business’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $3.91.

Conduent (NASDAQ:CNDT) last issued its earnings results on Wednesday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. Analysts forecast that Conduent Incorporated will post -0.34 EPS for the current year.

Conduent Company 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.