Conduent Inc. (NASDAQ:CNDT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of Conduent Inc. (NASDAQ:CNDT - Free Report) by 36.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,178 shares of the company's stock after selling 205,717 shares during the period. Teacher Retirement System of Texas owned approximately 0.22% of Conduent worth $981,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNDT. Raymond James Financial Inc. acquired a new stake in Conduent during the 4th quarter valued at $797,000. Picton Mahoney Asset Management grew its holdings 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 acquiring an additional 6,524 shares in the last quarter. Cibc World Markets Corp acquired a new position in Conduent during the 4th quarter worth $60,000. Counterpoint Mutual Funds LLC grew its holdings in Conduent by 30.7% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 179,464 shares of the company's stock worth $725,000 after acquiring an additional 42,178 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Conduent by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 6,345,652 shares of the company's stock worth $25,636,000 after acquiring an additional 154,953 shares in the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Conduent

In other Conduent news, EVP Giles Andrew Goodburn purchased 13,798 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $2.32 per share, with a total value of $32,011.36. Following the acquisition, the executive vice president owned 331,168 shares of the company's stock, valued at approximately $768,309.76. This represents a 4.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harshavardhan V. Agadi purchased 100,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average cost of $2.81 per share, with a total value of $281,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $281,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 2.98% of the stock is owned by company insiders.

Conduent Stock Up 2.3%

CNDT stock traded up $0.06 during mid-day trading on Thursday, hitting $2.63. 914,884 shares of the company were exchanged, compared to its average volume of 1,163,324. The company has a market capitalization of $425.61 million, a PE ratio of 1.92 and a beta of 1.57. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.78. Conduent Inc. has a twelve month low of $1.90 and a twelve month high of $4.90. The firm has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $2.98.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.06. The company had revenue of $751.00 million during the quarter, compared to analyst estimates of $776.00 million. Conduent had a net margin of 8.66% and a negative return on equity of 11.28%. The firm's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, research analysts forecast that Conduent Inc. 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.