1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its holdings in shares of Conduent Incorporated (NASDAQ:CNDT – Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC.
The fund owned 78,614 shares of the company’s stock after selling 5,935 shares during the period. Corebridge Financial Inc.’s holdings in Conduent were worth $318,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management increased 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 valued at $35,000 after purchasing an additional 6,524 shares during the last quarter. SilverOak Wealth Management LLC acquired a new position in shares of Conduent during the 4th quarter worth about $53,000. Bailard Inc.
acquired a new position in shares of Conduent during the 4th quarter worth about $58,000. Cibc World Markets Corp bought a new stake in shares of Conduent in the 4th quarter valued at about $60,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Conduent in the 4th quarter valued at approximately $114,000.
Institutional investors and hedge funds own 77.28% of the company’s stock. Conduent Stock Down 5.
8 %Shares of NASDAQ CNDT opened at $2.13 on Friday. Conduent Incorporated has a 52-week low of $2.
08 and a 52-week 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 $344.70 million, a P/E ratio of 0.99 and a beta of 1.
36. The firm has a 50 day moving average price of $3.28 and a 200 day moving average price of $3.
73. Conduent (NASDAQ:CNDT – Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.
15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04).
Conduent had a negative return on equity of 11.39% and a net margin of 12.69%.
Analysts expect that Conduent Incorporated will post -0.34 EPS for the current year. About Conduent (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.Read MoreFive stocks we like better than ConduentQuiet Period Expirations ExplainedJoby Aviation: Operational Momentum vs.
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