William Blair Investment Management LLC Acquires 154,953 Shares of Conduent Incorporated (NASDAQ:CNDT)

William Blair Investment Management LLC grew its holdings in shares of Conduent Incorporated (NASDAQ:CNDT) by 2.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,345,652 shares of the company’s stock after purchasing an additional 154,953 shares during the quarter. William Blair Investment Management LLC’s holdings in Conduent were worth $25,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNDT. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Conduent by 163.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,519,839 shares of the company’s stock worth $6,125,000 after buying an additional 942,459 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock worth $2,068,000 after buying an additional 326,118 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Conduent by 59.7% during the 3rd quarter. Jane Street Group LLC now owns 833,861 shares of the company’s stock worth $3,360,000 after buying an additional 311,579 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Conduent during the 4th quarter worth approximately $797,000. Finally, Barclays PLC boosted its holdings in shares of Conduent by 233.0% during the 3rd quarter. Barclays PLC now owns 271,923 shares of the company’s stock worth $1,096,000 after buying an additional 190,269 shares in the last quarter. 77.28% of the stock is currently owned by institutional investors.

Conduent Price Performance

Shares of CNDT opened at $2.99 on Wednesday. Conduent Incorporated has a 12-month low of $2.96 and a 12-month high of $4.90. The business’s fifty day moving average is $3.78 and its 200 day moving average is $3.88. The company has a quick ratio of 1.75, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The stock has a market cap of $483.87 million, a P/E ratio of 1.38 and a beta of 1.36.

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