Susquehanna Fundamental Investments LLC Buys New Holdings in Conduent Incorporated (NASDAQ:CNDT)

Susquehanna Fundamental Investments LLC purchased a new position in Conduent Incorporated (NASDAQ:CNDT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 155,491 shares of the company's stock, valued at approximately $628,000. Susquehanna Fundamental Investments LLC owned 0.10% of Conduent as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in Conduent by 288.7% during the fourth quarter. Picton Mahoney Asset Management now owns 8,784 shares of the company's stock valued at $35,000 after purchasing an additional 6,524 shares during the period. SilverOak Wealth Management LLC purchased a new stake in Conduent in the fourth quarter worth about $53,000. Bailard Inc. bought a new position in Conduent in the 4th quarter worth about $58,000. Cibc World Markets Corp bought a new position in shares of Conduent during the fourth quarter valued at $60,000. Finally, Zacks Investment Management purchased a new position in shares of Conduent in the fourth quarter worth approximately $82,000. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Price Performance

CNDT traded up $0.21 during trading on Thursday, hitting $2.19. 605,377 shares of the company traded hands, compared to its average volume of 1,138,399. Conduent Incorporated has a 1 year low of $1.90 and a 1 year high of $4.90. The company has a market cap of $354.41 million, a PE ratio of 1.01 and a beta of 1.52. The stock's 50-day simple moving average is $2.56 and its two-hundred day simple moving average is $3.49. The company has a current ratio of 1.68, a quick ratio of 1.75 and a debt-to-equity ratio of 0.73.

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

About Conduent

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.