Monolith Management Ltd bought a new stake in Conduent Incorporated (NASDAQ:CNDT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 188,000 shares of the company's stock, valued at approximately $760,000. Conduent makes up about 0.4% of Monolith Management Ltd's investment portfolio, making the stock its 23rd biggest holding. Monolith Management Ltd owned 0.12% of Conduent at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management raised 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 purchasing an additional 6,524 shares in the last quarter. SilverOak Wealth Management LLC acquired a new stake in Conduent in the 4th quarter valued at about $53,000. Bailard Inc. purchased a new stake in shares of Conduent in the 4th quarter valued at approximately $58,000. Cibc World Markets Corp purchased a new position in shares of Conduent during the 4th quarter worth approximately $60,000. Finally, Zacks Investment Management acquired a new position in Conduent during the 4th quarter worth $82,000. 77.28% of the stock is owned by hedge funds and other institutional investors.
Conduent Stock Performance
Shares of Conduent stock traded down $0.04 on Wednesday, hitting $2.11. The stock had a trading volume of 188,354 shares, compared to its average volume of 1,143,048. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73. The company's 50 day moving average price is $2.74 and its 200 day moving average price is $3.56. Conduent Incorporated has a 52-week low of $1.93 and a 52-week high of $4.90. The stock has a market cap of $341.46 million, a price-to-earnings ratio of 0.98 and a beta of 1.36.
Conduent (NASDAQ:CNDT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a net margin of 12.69% and a negative return on equity of 11.39%. On average, research analysts anticipate that Conduent Incorporated will post -0.34 EPS for the current year.
Conduent Company Profile
(
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.
Featured Stories
Before you consider Conduent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduent wasn't on the list.
While Conduent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
