Conduent Incorporated (NASDAQ:CNDT) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in Conduent Incorporated (NASDAQ:CNDT) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,906 shares of the company’s stock after selling 12,279 shares during the period. XTX Topco Ltd owned about 0.07% of Conduent worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNDT. SG Americas Securities LLC boosted its holdings in shares of Conduent by 233.6% in the second quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock valued at $110,000 after acquiring an additional 23,704 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Conduent by 12.4% in the second quarter. Diversified Trust Co now owns 57,156 shares of the company’s stock valued at $186,000 after acquiring an additional 6,290 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Conduent by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 662,447 shares of the company’s stock valued at $2,160,000 after acquiring an additional 28,209 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Conduent by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock valued at $3,165,000 after acquiring an additional 194,250 shares in the last quarter. Finally, HTG Investment Advisors Inc. purchased a new stake in shares of Conduent in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Stock Down 2.5 %

Shares of NASDAQ:CNDT opened at $4.21 on Friday. The company has a market cap of $673.14 million, a price-to-earnings ratio of 1.85 and a beta of 1.46. The firm’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $3.71. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. Conduent Incorporated has a fifty-two week low of $2.96 and a fifty-two week high of $4.44.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. As a group, equities research analysts predict that Conduent Incorporated will post -0.45 earnings per share for the current 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.