Conduent Incorporated (NASDAQ:CNDT) Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. lessened its stake in Conduent Incorporated (NASDAQ:CNDT) by 94.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,705 shares of the company’s stock after selling 356,633 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Conduent were worth $92,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in Conduent in the fourth quarter valued at $1,079,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Conduent by 100.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,317,936 shares of the company’s stock valued at $9,364,000 after purchasing an additional 1,162,068 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Conduent by 526.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,216,978 shares of the company’s stock worth $12,997,000 after purchasing an additional 2,703,849 shares during the period. Prudential Financial Inc. increased its position in Conduent by 1,011.1% during the 4th quarter. Prudential Financial Inc. now owns 1,506,557 shares of the company’s stock worth $6,086,000 after purchasing an additional 1,370,961 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Conduent in the fourth quarter valued at approximately $114,000. 77.28% of the stock is owned by hedge funds and other institutional investors.

Conduent Price Performance

CNDT opened at $2.70 on Wednesday. Conduent Incorporated has a 52-week low of $2.66 and a 52-week high of $4.90. The company has a 50 day moving average of $3.57 and a two-hundred day moving average of $3.82. The company has a market cap of $436.94 million, a P/E ratio of 1.25 and a beta of 1.36. 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 (NASDAQ:CNDT) last posted its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. On average, analysts expect that Conduent Incorporated will post -0.34 earnings per share for the current 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.