XTX Topco Ltd Trims Stock Position in Conduent Incorporated (NASDAQ:CNDT)

XTX Topco Ltd lessened its holdings in Conduent Incorporated (NASDAQ:CNDT) by 10.1% during the 3rd quarter, Holdings Channel reports. The firm owned 108,906 shares of the company’s stock after selling 12,279 shares during the quarter. XTX Topco Ltd’s holdings in Conduent were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CNDT. SG Americas Securities LLC lifted its holdings in shares of Conduent by 233.6% in the second quarter. SG Americas Securities LLC now owns 33,851 shares of the company’s stock valued at $110,000 after purchasing an additional 23,704 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Conduent by 12.4% in the second quarter. Diversified Trust Co now owns 57,156 shares of the company’s stock valued at $186,000 after purchasing an additional 6,290 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Conduent by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 662,447 shares of the company’s stock valued at $2,160,000 after purchasing an additional 28,209 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Conduent by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock valued at $3,165,000 after purchasing an additional 194,250 shares in the last quarter. Finally, HTG Investment Advisors Inc. purchased a new stake in shares of Conduent in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Stock Down 2.5 %

Shares of NASDAQ CNDT opened at $4.21 on Friday. Conduent Incorporated has a 12-month low of $2.96 and a 12-month high of $4.44. The company has a market capitalization of $673.14 million, a PE ratio of 1.85 and a beta of 1.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. The firm’s 50-day moving average is $3.92 and its two-hundred day moving average is $3.71.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The company’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Equities analysts anticipate that Conduent Incorporated will post -0.45 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.