Picton Mahoney Asset Management Increases Holdings in Conduent Incorporated (NASDAQ:CNDT)

Picton Mahoney Asset Management increased its stake in shares of Conduent Incorporated (NASDAQ:CNDT) by 288.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,784 shares of the company’s stock after purchasing an additional 6,524 shares during the period. Picton Mahoney Asset Management’s holdings in Conduent were worth $35,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SilverOak Wealth Management LLC acquired a new position in shares of Conduent during the 4th quarter worth approximately $53,000. Bailard Inc. acquired a new position in shares of Conduent during the 4th quarter worth approximately $58,000. Paloma Partners Management Co acquired a new position in shares of Conduent during the 3rd quarter worth approximately $100,000. BBR Partners LLC acquired a new position in shares of Conduent during the 3rd quarter worth approximately $121,000. Finally, New York State Common Retirement Fund raised its position in shares of Conduent by 36.6% during the 4th quarter. New York State Common Retirement Fund now owns 35,187 shares of the company’s stock worth $142,000 after purchasing an additional 9,436 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Conduent Trading Down 1.6 %

Shares of Conduent stock opened at $3.08 on Tuesday. The business has a 50 day moving average price of $3.80 and a 200 day moving average price of $3.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.75. The company has a market capitalization of $498.44 million, a P/E ratio of 1.43 and a beta of 1.36. Conduent Incorporated has a 1 year low of $2.96 and a 1 year high of $4.90.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share 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%. Sell-side analysts anticipate 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.