Conduent Incorporated (NASDAQ:CNDT) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC raised its stake in Conduent Incorporated (NASDAQ:CNDT) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,464 shares of the company’s stock after acquiring an additional 42,178 shares during the period. Counterpoint Mutual Funds LLC owned 0.11% of Conduent worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management grew its stake in Conduent by 288.7% during the 4th quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company’s stock worth $35,000 after buying an additional 6,524 shares during the last quarter. SilverOak Wealth Management LLC acquired a new position in shares of Conduent in the 4th quarter valued at $53,000. Bailard Inc. purchased a new stake in Conduent in the 4th quarter valued at $58,000. Cibc World Markets Corp purchased a new position in Conduent during the 4th quarter worth $60,000. Finally, Paloma Partners Management Co acquired a new position in Conduent in the third quarter valued at $100,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Price Performance

Shares of NASDAQ:CNDT opened at $3.13 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. Conduent Incorporated has a one year low of $2.96 and a one year high of $4.90. The company has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.90. The stock has a market capitalization of $506.53 million, a price-to-earnings ratio of 1.45 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 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 predict 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.