Inceptionr LLC Buys Shares of 42,661 Conduent Incorporated (NASDAQ:CNDT)

Inceptionr LLC bought a new stake in shares of Conduent Incorporated (NASDAQ:CNDT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,661 shares of the company’s stock, valued at approximately $172,000.

A number of other hedge funds have also made changes to their positions in CNDT. Jacobs Levy Equity Management Inc. raised its holdings in shares of Conduent by 163.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock valued at $6,125,000 after acquiring an additional 942,459 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Conduent by 174.4% during the third quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock valued at $2,068,000 after acquiring an additional 326,118 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock valued at $3,360,000 after acquiring an additional 311,579 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Conduent during the fourth quarter valued at approximately $797,000. Finally, Barclays PLC increased its holdings in shares of Conduent by 233.0% in the third quarter. Barclays PLC now owns 271,923 shares of the company’s stock valued at $1,096,000 after purchasing an additional 190,269 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Price Performance

NASDAQ:CNDT opened at $3.10 on Tuesday. Conduent Incorporated has a one year low of $2.96 and a one year high of $4.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.75 and a current ratio of 1.68. The stock has a market cap of $501.67 million, a PE ratio of 1.44 and a beta of 1.36. The stock has a 50 day moving average price of $3.90 and a 200 day moving average price of $3.92.

Conduent (NASDAQ:CNDT) 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%. Equities research analysts expect that Conduent Incorporated will post -0.34 EPS 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.