Raymond James Financial Inc. Takes Position in Conduent Incorporated (NASDAQ:CNDT)

Raymond James Financial Inc. acquired a new position in Conduent Incorporated (NASDAQ:CNDT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 197,353 shares of the company's stock, valued at approximately $797,000. Raymond James Financial Inc. owned 0.12% of Conduent at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Conduent by 526.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,216,978 shares of the company's stock valued at $12,997,000 after purchasing an additional 2,703,849 shares during the period. American Century Companies Inc. lifted its stake in shares of Conduent by 156.8% in the 4th quarter. American Century Companies Inc. now owns 2,354,300 shares of the company's stock valued at $9,511,000 after purchasing an additional 1,437,479 shares during the period. Barclays PLC boosted its holdings in Conduent by 233.0% in the third quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after acquiring an additional 190,269 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Conduent by 10.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,510,399 shares of the company's stock worth $10,142,000 after acquiring an additional 227,899 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Conduent in the fourth quarter worth $1,079,000. Hedge funds and other institutional investors own 77.28% of the company's stock.

Conduent Stock Up 2.4%

Shares of NASDAQ CNDT traded up $0.06 during trading on Monday, reaching $2.31. The company had a trading volume of 90,251 shares, compared to its average volume of 1,143,299. Conduent Incorporated has a 12-month low of $1.90 and a 12-month high of $4.90. The stock has a market cap of $373.02 million, a PE ratio of 1.07 and a beta of 1.52. The business's 50-day moving average is $2.51 and its 200 day moving average is $3.46. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73.

Conduent (NASDAQ:CNDT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. Conduent had a negative return on equity of 11.39% and a net margin of 12.69%. The firm had revenue of $751.00 million for the quarter, compared to analysts' expectations of $776.00 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The company's quarterly revenue was down 18.5% on a year-over-year basis. As a group, equities analysts forecast that Conduent Incorporated will post -0.34 earnings per share for the current fiscal 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.