Blue Owl Capital Holdings LP lifted its holdings in Conduent Incorporated (NASDAQ:CNDT - Free Report) by 67.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,625,459 shares of the company's stock after acquiring an additional 2,262,437 shares during the period. Conduent makes up 5.4% of Blue Owl Capital Holdings LP's portfolio, making the stock its 6th biggest position. Blue Owl Capital Holdings LP owned about 3.52% of Conduent worth $22,727,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of 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 stake in Conduent during the 4th quarter valued at $53,000. Bailard Inc. acquired a new stake in Conduent during the 4th quarter valued at $58,000. Cibc World Markets Corp acquired a new stake in Conduent during the 4th quarter valued at $60,000. Finally, Zacks Investment Management acquired a new stake in Conduent during the 4th quarter valued at $82,000. Institutional investors and hedge funds own 77.28% of the company's stock.
Conduent Stock Up 0.7 %
CNDT traded up $0.02 during trading hours on Tuesday, reaching $2.15. 267,524 shares of the stock traded hands, compared to its average volume of 1,147,402. The firm's fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $3.57. The company has a market cap of $347.13 million, a price-to-earnings ratio of 0.99 and a beta of 1.36. Conduent Incorporated has a fifty-two week low of $1.93 and a fifty-two week 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.
Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly 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 net margin of 12.69% and a negative return on equity of 11.39%. As a group, analysts forecast that Conduent Incorporated will post -0.34 earnings per share for the current fiscal year.
About Conduent
(
Free Report)
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.
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