Swiss National Bank Sells 12,100 Shares of Conduent Incorporated (NASDAQ:CNDT)

Swiss National Bank reduced its position in Conduent Incorporated (NASDAQ:CNDT) by 4.0% during the fourth quarter, HoldingsChannel reports. The fund owned 287,454 shares of the company’s stock after selling 12,100 shares during the quarter. Swiss National Bank’s holdings in Conduent were worth $1,161,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. raised its stake in shares of Conduent by 163.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock valued at $6,125,000 after purchasing an additional 942,459 shares during the period. JPMorgan Chase & Co. increased its position 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 period. Jane Street Group LLC lifted 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Conduent in the fourth quarter valued at approximately $797,000. Finally, Barclays PLC grew its stake in Conduent by 233.0% during the third 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 in the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

Conduent Stock Performance

NASDAQ CNDT opened at $2.78 on Friday. The company’s 50 day simple moving average is $3.62 and its two-hundred day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. Conduent Incorporated has a 1 year low of $2.74 and a 1 year high of $4.90. The stock has a market capitalization of $449.89 million, a PE ratio of 1.29 and a beta of 1.36.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) 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%. Analysts predict that Conduent Incorporated will post -0.34 earnings per share for the current fiscal 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.