Empowered Funds LLC Grows Stock Holdings in Conduent Incorporated (NASDAQ:CNDT)

Empowered Funds LLC grew its holdings in Conduent Incorporated (NASDAQ:CNDT) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 838,675 shares of the company’s stock after purchasing an additional 41,021 shares during the quarter. Empowered Funds LLC’s holdings in Conduent were worth $3,388,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Paloma Partners Management Co acquired a new stake in shares of Conduent during the 3rd quarter worth approximately $100,000. BBR Partners LLC acquired a new stake in shares of Conduent during the 3rd quarter worth approximately $121,000. US Bancorp DE increased its holdings in shares of Conduent by 1,484.1% during the 3rd quarter. US Bancorp DE now owns 30,352 shares of the company’s stock worth $122,000 after buying an additional 28,436 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Conduent during the 3rd quarter worth approximately $146,000. Finally, Diversified Trust Co increased its holdings in shares of Conduent by 7.1% during the 4th quarter. Diversified Trust Co now owns 56,369 shares of the company’s stock worth $228,000 after buying an additional 3,743 shares during the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

Conduent Stock Down 6.2 %

Shares of NASDAQ CNDT opened at $4.12 on Thursday. The company has a 50 day simple moving average of $4.09 and a 200-day simple moving average of $3.88. The company has a market capitalization of $658.75 million, a P/E ratio of 1.81 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. Conduent Incorporated has a 1 year low of $2.96 and a 1 year high of $4.90.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. On average, equities research analysts predict that Conduent Incorporated will post -0.45 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.