American Century Companies Inc. Has $9.51 Million Stock Position in Conduent Incorporated (NASDAQ:CNDT)

American Century Companies Inc. increased its position in Conduent Incorporated (NASDAQ:CNDT) by 156.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,354,300 shares of the company’s stock after purchasing an additional 1,437,479 shares during the quarter. American Century Companies Inc.’s holdings in Conduent were worth $9,511,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its holdings in Conduent by 288.7% in the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock worth $35,000 after acquiring an additional 6,524 shares in the last quarter. SilverOak Wealth Management LLC acquired a new position in shares of Conduent during the fourth quarter worth approximately $53,000. Bailard Inc. bought a new position in shares of Conduent in the 4th quarter worth $58,000. Cibc World Markets Corp acquired a new stake in Conduent in the 4th quarter valued at $60,000. Finally, Paloma Partners Management Co bought a new stake in Conduent during the 3rd quarter valued at $100,000. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Stock Performance

CNDT opened at $2.71 on Thursday. Conduent Incorporated has a 1-year low of $2.64 and a 1-year high of $4.90. The company has a market cap of $438.56 million, a price-to-earnings ratio of 1.25 and a beta of 1.36. The company’s fifty day moving average price is $3.54 and its two-hundred day moving average price is $3.82. The company has a current ratio of 1.68, a quick ratio of 1.75 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 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%. On average, analysts expect that Conduent Incorporated will post -0.34 EPS 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.