Cibc World Markets Corp Makes New Investment in Conduent Incorporated (NASDAQ:CNDT)

Cibc World Markets Corp acquired a new position in shares of Conduent Incorporated (NASDAQ:CNDT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,798 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its stake in Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock valued at $35,000 after purchasing an additional 6,524 shares in the last quarter. SilverOak Wealth Management LLC bought a new stake in shares of Conduent in the 4th quarter worth about $53,000. Bailard Inc. bought a new stake in shares of Conduent in the 4th quarter worth about $58,000. Paloma Partners Management Co purchased a new stake in shares of Conduent during the 3rd quarter valued at about $100,000. Finally, BBR Partners LLC bought a new position in shares of Conduent in the 3rd quarter valued at about $121,000. 77.28% of the stock is currently owned by institutional investors.

Conduent Trading Down 0.7 %

Shares of NASDAQ CNDT opened at $2.88 on Friday. Conduent Incorporated has a 1-year low of $2.84 and a 1-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 moving average is $3.65 and its two-hundred day moving average is $3.84. The stock has a market capitalization of $466.07 million, a P/E ratio of 1.33 and a beta of 1.36.

Conduent (NASDAQ:CNDT) last announced its earnings results on Wednesday, February 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. As a group, research analysts expect that Conduent Incorporated will post -0.34 EPS 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.