Cubist Systematic Strategies LLC trimmed its stake in Conduent Incorporated (NASDAQ:CNDT – Free Report) by 67.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,959 shares of the company’s stock after selling 415,173 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.10% of Conduent worth $639,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of Conduent by 27.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,393,900 shares of the company’s stock valued at $7,804,000 after buying an additional 520,000 shares during the period. Allianz Asset Management GmbH grew its stake in Conduent by 14.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,143,039 shares of the company’s stock valued at $4,172,000 after acquiring an additional 147,244 shares during the period. Factorial Partners LLC bought a new stake in shares of Conduent during the second quarter valued at approximately $3,295,000. Panagora Asset Management Inc. raised its position in shares of Conduent by 25.0% during the second quarter. Panagora Asset Management Inc. now owns 970,758 shares of the company’s stock worth $3,165,000 after purchasing an additional 194,250 shares during the period. Finally, Redwood Investment Management LLC grew its position in Conduent by 9.9% in the 1st quarter. Redwood Investment Management LLC now owns 955,116 shares of the company’s stock valued at $3,228,000 after purchasing an additional 85,843 shares during the period. 77.28% of the stock is owned by institutional investors.
Conduent Stock Down 0.3 %
Conduent stock opened at $3.89 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average price is $3.69 and its two-hundred day moving average price is $3.52. The firm has a market capitalization of $795.83 million, a price-to-earnings ratio of -4.32 and a beta of 1.47. Conduent Incorporated has a 1-year low of $2.40 and a 1-year high of $4.20.
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.
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