Empowered Funds LLC Has $3.22 Million Position in Conduent Incorporated (NASDAQ:CNDT)

Empowered Funds LLC grew its stake in Conduent Incorporated (NASDAQ:CNDT) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 797,654 shares of the company’s stock after acquiring an additional 40,602 shares during the period. Empowered Funds LLC’s holdings in Conduent were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. US Bancorp DE raised its holdings in Conduent by 1,484.1% in the 3rd quarter. US Bancorp DE now owns 30,352 shares of the company’s stock valued at $122,000 after acquiring an additional 28,436 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Conduent by 9.1% during the third quarter. Assenagon Asset Management S.A. now owns 684,246 shares of the company’s stock worth $2,758,000 after purchasing an additional 57,183 shares during the period. Creative Planning lifted its holdings in Conduent by 74.2% during the 3rd quarter. Creative Planning now owns 60,843 shares of the company’s stock worth $245,000 after purchasing an additional 25,912 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Conduent by 127.9% in the 2nd quarter. Point72 DIFC Ltd now owns 27,185 shares of the company’s stock valued at $89,000 after purchasing an additional 15,254 shares during the period. Finally, Algert Global LLC acquired a new position in Conduent in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Stock Down 5.9 %

CNDT stock opened at $3.69 on Tuesday. The business’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $3.68. The stock has a market capitalization of $589.99 million, a price-to-earnings ratio of 1.63 and a beta of 1.48. Conduent Incorporated has a fifty-two week low of $2.77 and a fifty-two week high of $4.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75.

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

About Conduent

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.